The reliability of the service is measured by determine how quick and efficient the payment processing service is for accepting checks. If the system allows for checks to be lost or damaged, the service cannot be reliable for vendors.
Payment security is an important aspect of payment processing. What methods of verification do the payment processors require for accepting checks? What steps does the vendor take in verifying the authenticity of the checks being accepted?
Automation is measured in the ease of use and the lack of hands-on for check processing that is utilized by the customer. Does each check have to be scanned in or otherwise copied, or are there automated processes that lesson the work for the customer?
The volume of transactions which can be handled from a single vendor is also evaluated. Can the payment processor handle thousands of transactions a day, or are there limitations that may slow down or halt the payment process?
With check processing services, we also evaluate the delay in service that is found. By measuring the amount of time it takes to process the check and for money to reach the vendor, we are able to accurately measure the delay in service.
· 5 years ago