Retail Services
BCU understands that accepting credit cards promotes consumer purchasing and encourages customer impulse buying, which will help you to grow your business. Bankcard and non-cash purchase imbursement is a very important option for traditional retail businesses as well as restaurant, hotel and lodging, Internet and home-based businesses.
ATM/debit cards also provide merchants with an additional means to accept non-cash payments from customers. ATM/debit cards stimulate impulse buying and are very valuable for customers who do not have credit cards and would otherwise have to pay by check or not purchase at all.
BCU also offers Internet/Mail Order purchasing solutions for merchants that do not have a physical storefront presence. We offer services that enable a secure, browser-based interface that enables them to authorize, process and manage credit card transactions from any computer that has an Internet connection and a Web browser.
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Check Conversion/Guarantee
Check sales account for over 50% of all non-cash payments at the point-of-sale. That's more than $650 billion annually. When merchants accept checks, they make more sales. Check conversion & guarantee services provide the flexibility and immediacy of electronic payments with the comfort and familiarity of paying by check.
Electronic Check Conversion (ECT)
Electronic check conversion combines the benefits of paper checks with the speed, ease and safety of electronic processing. It's just like accepting a credit card or debit card at the point-of-sale. The check is converted to a paperless transaction by electronically moving funds from the customer's bank account to the merchant's bank account. Combined with Check Guarantee, this service delivers a streamlined check acceptance process that eliminates returned checks and returned check fees, while reducing paperwork and trips to the bank.
Benefits of Check Conversion:
- Faster check payment processing
- Bank account consolidation; centralized funds for multiple locations
- Checks are electronically deposited in your account - no trips to the bank
- Returned items are discovered faster, expediting the collection process
- Quick detection of check fraud
- Eliminates lost or stolen checks before deposit
- Transaction reporting available real-time
Check Guarantee
Check guarantee minimizes your risk of accepting bad checks. With check guarantee services, the merchant authorizes the check from its database of millions of records, accessing both local and national negative files of unpaid checks.
Benefits of Check Guarantee:
- Streamlines check approval at the point-of-sale and helps prevent check losses before they occur
- Accommodates checks from anywhere in the U.S. or Canada
- Provides full purchase of returned checks
- Eliminates the cost of collection on dishonored checks
- Available 24 hours a day, seven days a week
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Gift & Loyalty Programs
Retain customers and increase shopping frequency with a Loyalty Card program
In today's competitive retail environment, the battle to retain customers is fierce. The winners are those who establish and maintain one or more competitive advantages in the minds of their customers. A Loyalty Program is a powerful way to create a compelling reason for your customers to prefer your business over another.
4 Ways to Profit with Stored Value:
Gift Cards
A cash-generating product that doubles as a miniature "billboard" in your customer's wallet. Card balances decline as the card is used encouraging repeat visits and limiting cash refunds.
Loyalty & Membership Programs
Acquire customers and retain them, that's the goal. Now you can automatically keep track of point balances and transaction activity for a multitude of rewards and incentive programs.
Merchandise Credits
Cards can be loaded with the exact value of a product return for store credit. Declining balance keeps cash in store by limiting refunds.
Advertising & Promotion
The marketing applications of stored-value cards are as wide open as the imagination - from electronic coupons to co-branded cards paid for by one or more merchant suppliers.
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ATM Programs
We offer ATM programs to merchants with equipment from leading manufacturers. We provide several different ATM models and processing services.
BCU offers the following flexible ATM features:
- ATM Transaction processing
- Equipment from leading manufacturers
- Installation
- Training
- Customer service
- Maintenance programs
- Placement and turnkey programs available
- Vault cash services available
- Several leasing and financing options
- Pre-designed advertising materials such as post cards, newspaper ads, flyers, etc.
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EBT Processing
Electronic Benefits Transfer is designed to help you reduce costs and save time in processing government benefits transactions. Electronic Benefits Transfer is currently being tested and applied by the US Government in food stamp distribution and welfare programs.
What is Electronic Benefits Transfer?
Electronic Benefits Transfer (EBT) is electronic issuance to, and the transfer of government benefit funds from, a recipient's benefit account, allowing the recipient to buy goods and services or receive cash. EBT is processed similarly to that of online debit transactions using proprietary magnetic stripe cards in lieu of paper food stamps or paper checks.
Handling governmental benefits transactions electronically:
- Reduces fraud opportunities
- Increases fraud detection
- Improves service delivery to recipients
For supermarkets, food stores, convenience stores, drug stores and mass merchandisers, EBT may have an immediate impact. All states were required by law to switch food stamp programs to EBT by 2002. EBT will likely be the predominate form of payment for this industry, with a potential for 93 million monthly transactions in the United States.
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