Direct Merchant – Move Your Money Faster, Safer
The AFS Direct Merchant is a method of capturing images to make your transactions faster and safer. There are several advantages to this system which appears to be rising in popularity. One of the main advantages of the direct merchant is that there is no need to physically transport checks to your bank. Here’s the principle behind the direct merchant imaging process. You, as a merchant, accept a check. You would normally expect that you’d take the check to your bank within the next few days, depending on your normal routine. After that, your bank would route the check to the customer’s bank which would typically take another day or two. If there were problems – insufficient funds, for example – the customer’s bank would notify your bank and you would then find out – many days after the fact – that you’d taken a bad check. With the direct merchant, you’ll know much more quickly. The process begins the same, with you (the merchant) taking a check. That’s where the similarities end because using the AFS Direct mMerchant imaging system, you’d then scan the check and send it online to your bank. That means that you don’t have someone transporting this money to the bank. And there’s no need for you to physically transport that check to the bank, so you’ve transferred