HOW THE PROCESS WORKS

Improves the user experience by modifying the terminal display / user interface to prompt the store associate to do the following:
  1. Input the customer information (license #, date of birth, SSN, etc. as is done today)
  2. Select the financing period (3,6, or 12 months)
  3. Enter the entire transaction amount (inclusive of any fee the merchant desires to add on as an “application” fee)
  4. Enter the check # (of the initial down payment)
  5. Enter the check amount (of the initial down payment)
  6. Confirm the # of remaining payments and amount of each payment that is automatically calculated and displayed by the terminal on behalf of the store associate
  7. Scan the check through the imager
  8. Scan the consumer security agreement form
Only a single check is written, we will initiate electronic ACH debits for the remainder of the items based on the term selected.

You can opt to have all three options (3, 6, or 12 Month Financing Terms) displayed for the cashier such that consumer can decide what is best for their budget based on monthly payment schedule.

5 – 8 Minute Approval!

You are FUNDED 100% of the money IN ADVANCE, and not waiting until after we electronically deposit the images! Your customers will have their accounts debited over the 3, 6, or 12 month period while you get ALL OF THE MONEY within 3 days after the batch is closed!


CERTIFIED EQUIPMENT

OPTION 1:

VeriFone® Vx 570

Vx 570 has an intuitive ATM style interface, new anti-glare backlit bold menu prompt easy-to-read. It is equipped with an integrated USB, which allows for protected download with maximum security
RDM® EC6000i Gen2 Serious

The RDM EC6000i Gen2 Series set the standard for small documents imaging for check electrification, check cashing and walk-in bill payments processing.

Accommodates any payments environment or application with its optional bi-directional Magnetic Stripe Reader.


OPTION 2:

PrimeTrex One is the industry's first, true all-in-one solution. The compact design brings together all of the hardware needed for today's Check 21 standard and beyond.
  • POS Capability
    3.5-inch graphical touch screen, color LCD
    32-bit ARM9 processor
    Dial/IP communication
    22 line-per-second printer

  • Check Scanner
    High speed,duplex scanner
    Jitter-free transport for MICR reads
    200 DPI resolution
    Check image display on LCD

  • Driver's License Scanner
    Reads/Decodes 2D barcode


Click here to Enroll with SAFEGUARD SPS “PayDay” Express Plus today