CrossCheck
CrossCheck describes itself as offering guaranteed payment solutions to U.S. businesses, and its about page says it has specialized in various industries since 1983. It names automotive dealerships, auto repair, heavy equipment, motorcycle and powersports among the industries it serves, alongside non-automotive sectors.
CrossCheck: Check Guarantee
Its automotive payment solution is described as an all-in-one set of check guarantee services for dealerships.
| Product or service | Function |
|---|---|
| Check Guarantee | Guaranteed acceptance of checks. |
| Check Verification | Verifying checks at the point of sale. |
| Remote Deposit Capture | Depositing checks electronically. |
| ACH with Open Banking | Bank payments through open banking. |
| Automotive Payment Solution | A bundled suite for dealerships. |
Verification, guarantee and deposit are different purchases
CrossCheck lists Check Verification, Check Guarantee, Remote Deposit Capture and ACH with Open Banking as separate services. Its menu also identifies an automotive payment solution and Multiple Check Plus. cross-check.com
A dealer choosing among them should identify the actual payment being accepted: a paper check deposited electronically, a bank-account payment, or a transaction submitted for guarantee. The deposit mechanism and protection against an eligible returned payment answer different needs. cross-check.com
Match the transaction to the applicable approval, document and settlement requirements before presenting it as a substitute for a card payment. cross-check.com