PacNet Debuts Check Conversion System

Share this content:
SAN FRANCISCO -- PacNet has established a goal for its check conversion application debuting today at the Direct Marketing Association's Annual Conference & Exhibition here.

"We have two high-volume beta clients who are testing the system," said Renee Frappier, marketing manager at PacNet, Vancouver. "We're going to have 12 clients signed up by January, processing between 10,000 and 100,000 checks and/or other payment instruments per month for each of the 12 clients. I expect three of the 12 to be catalogers."

The targets for U.S. Check Conversion are mid- to high-volume mailers including catalogers, charities and publishers.

Processing speed and eliminating the risk of theft or loss of checks were mentioned as advantages of the new application.

"With our system the checks never leave the order-processing center, and there is no risk of any irreplaceable document being lost, stolen or destroyed," she said. "We also anticipate being able to clear all types of U.S. dollar items, such as money orders and checks drawn on banks, that up until now have not been presentable through electronic means."

The program also will reduce bank fees, Frappier said.

"Some companies are paying up to 40 cents per check for simply depositing them, and while that's at the high end, most reputable companies with high volumes can negotiate per-check depositing charges under 10 cents per check," she said. "When all of the miscellaneous fees are considered that a bank levies, we end up being quite a bit lower on our per-check commission basis."


Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above