Check Protection (BEE CHeX)

Checks continue to be one of the most popular forms of payment in the United States today and will continue to be so for many years to come. BEE CHeX provides solutions to eliminate the paper in the check process and improve on the settlement and clearing times of a paper based system.

Paper check processing and bad check costs continue to erode retailers’ profits and until now it was an unavoidable cost of doing business. Consumers wrote almost 18 billion checks at the point-of-sale in the U.S. in 1999. There is a specific need for Independent Sales Organizations and Financial Institutions to provide their merchants with the latest in technology to process these paper checks.

Why BEE CHeX?

BEE CHeX’s solutions support large and small volume merchants, provides sophisticated settlement and clearing, robust standard and custom reporting capabilities, flexible revenue sharing, and allows for high merchant approval rates.

BEE CHeX provides powerful tools to increase market share and improve the customer experience. BEE CHeX check services, through their partners, are protected under U.S. Patents: 5,484,988; 6,164,528; 6,283,366; and 6,354,491.

Sales organizations and merchants will receive uninterrupted service with their check processing.

How Does BEE CHeX Work?

When does the merchant get his/her money?

Assuming it’s Monday…

Merchant verifies a check via a check reader or imager and batches out at night. In 48 hours, on Wednesday evening, the monies are in the Merchant's account just like a credit card transaction.

When is the check writer's money debited?

Check writers have a 2-day float on their money, about the same as a paper check.

What happens if the check writer has written a bad check?

The money deposited into the Merchant’s account is the Service Providers money, not the check writer’s, so the money put in the Merchant’s account, is all good money.

With our guarantee program, the Merchant never sees a return check or a return check fee. Because the check writer’s bad check is coming out of our guarantee account (not the merchant’s account), the bad money is our responsibility to collect from the check writer.