Online check printing is a great solution for making payments flexibly. Modern check writing methods emerge as a great alternative to personal check ordering online. The check printing software provides a reliable and efficient way to print checks whenever you want. The cloud-based platform changes how property managers approach financial operations, enabling them to print checks whenever needed and cut costs greatly.
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The Benefits of Online Check Printing Over Traditional Check Ordering
- The ability to print checks on-demand removes the shipping delays associated with receiving the pre-printed checks.
- Online Check printing provides flexible personalization options.
- Individuals can print checks from any digital device. The Check 21 Act allows to print checks using any regular printer.
- Printing checks as required reduces the chance of ordering too much or dealing with checks that are no longer needed.
Exploring the Benefits of Cloud-Based Platforms for Property Management Business
- OnlineCheckWriter.com – Powered by Zil Money enables property managers to print checks as needed, eliminating the hassle of ordering pre-printed checks. Individuals can print checks on blank check paper or plain white paper using any regular printer. The usage of blank check paper reduces the check printing cost by 80% compared to ordering pre-printed checks. The ability to print checks right away on blank check paper ensures that property management companies can make payments to contractors or property owners without any hold-ups.
- For property managers who still want to send checks via mail, OnlineCheckWriter.com- Powered by Zil Money, provides a low-cost check mailing service. The cloud-based platform allows to dispatch payments via USPS or FedEx at an affordable rate. The cost includes postage and paper charges. This service is particularly useful for companies that manage multiple properties and process numerous payments each month.
- OnlineCheckWriter.com – Powered by Zil Money helps property management companies accept different payment options like checks, eChecks, ACH, wire transfers, and credit cards. The platform enables businesses to handle payments even when the recipient does not directly accept credit cards, resulting in stronger relationships with tenants and vendors.
- The cloud-based platform provides excellent customization options. The drag-and-drop design feature from OnlineCheckWriter.com – Powered by Zil Money lets you customize your checks by adding background images, unique font style and logos of your choice.
How to Customize Checks with the Cloud-Based Platform
- Login to OnlineCheckWriter.com – Powered by Zil Money and select Bank Accounts.
- You can see the list of banks and select the bank from which you want to print the check.
- Click on Edit Design, which takes you to the check designing page.
- From the check designing page, you can customize your check, make necessary changes & click Save.
Check Fraud: An Increasing Risk for Companies
In February, FinCEN released a warning stating that there were 680,000 reported cases of potential check fraud last year, a rise from 350,000 in 2021, which was an increase of 23% from the 2020 figures. FinCEN believes that check fraud will likely continue to be a problem, so they advised financial institutions to remain vigilant.
How Does Positive Pay Prevent Fraud?
Positive Pay is an easy and affordable feature provided by financial institutions to help lower the chances of check fraud. It assists banks in identifying fraudulent activities by comparing the company’s issued check with the one being presented for payment.
For the process to be successful, the check’s dollar value, check number, and account number must match. If there’s any discrepancies, the check is marked as suspicious and returned to the issuer for further examination.
- The company provides the bank with a detailed list of checks that it issued in the last 24 hours. The list is known as the check-issue file.
- When checks are presented for payment, bank examines every aspect of the checks and their details for payment.
- The bank clears the check if no discrepancies are found.
- If any issues are identified the bank puts the checks on hold and reaches out to company.
- The business evaluates any checks that do not match and makes a decision on whether to approve or reject the payment.
Who Benefits from Positive Pay?
Companies that rely heavily on checks, use manual processes for handling payments or lack strong fraud prevention measures can considerably benefit from using Positive Pay.
OnlineCheckWriter.com – Powered by Zil Money’s Positive Pay function offers an extra level of protection against the risk of check fraud. Property management companies can supply their banks with a compilation of approved checks, ensuring that any unauthorized checks are identified prior to being processed.
When it comes to choosing between instant check printing and online check ordering, the decision ultimately comes down to personal preference, requirements, and priorities. Embracing online check printing is a smart choice for businesses aiming for growth and efficiency. The numerous advantages it offers including reduced expenses and increased security, set companies up for success in the digital era. The online printing of checks is a good alternative to consider if you place a high value on convenience, a diverse selection of design possibilities, and the possibility of quick payment processing.
