NATIONAL CHECK AND CURRENCY solves banking needs for Money Service Businesses, both foreign and domestic, by carefully matching the needs of each client to the appropriate Money Service Business friendly partner institution. 

NATIONAL CHECK AND CURRENCY manages a portfolio of nine MSB friendly institutions, accustomed to working with Check Cashers, Money Transmitters and Currency Exchange dealers worldwide.

NATONAL CHECK AND CURRENCY provides better banking solutions to our clients by offering better Money Service Business “friendly” banking options.  No longer are Money Service Businesses held hostage by excessive administration fees or collateral requirements. 

NATIONAL CHECK AND CURRENCY aids our clients in establishing a segregated account, titled in the client’s corporate name, at one or more of NATIONAL CHECK AND CURRENCY’S partner institutions. NATIONAL CHECK AND CURRENCY clients may process all types of US instruments, without limitation on amount or type, 24/7/365, posting as available cash funds in the client account by the following morning.

NATIONAL CHECK AND CURRENCY utilizes the most advanced remote deposit capture software, to enable our clients to shorten the process of paper checks for conversion into electronic transactions for settlement within minutes, while providing transparency for complete compliance with all anti-money laundering and governmental regulations.

NATIONAL CHECK AND CURRENCY is re-inventing a Money Service Business by providing our clients mechanisms for more expedient, compliant, and efficient transactions allowing greater control and increasing profitably.

HOW DOES IT WORK?

There is a difference!

NATIONAL CHECK AND CURRENCY works with your computer's high speed Internet access, a scanner or in some cases an existing POS scanner, to send check images from your business to your merchant account electronically.

It all begins with NATIONAL CHECK AND CURRENCY's user-friendly remote deposit capture software installed at your location, or multiple locations, anywhere worldwide. Your staff scans customer checks into electronic batches, then verifies and uploads items securely over the Internet.

Remote deposit capture software technology allows NATIONAL CHECK AND CURRENCY to image your check data instantly via the rails of the virtual private network of the Federal Reserve Bank for cash settlement to the client account by the following morning.

Your check images travel at the speed of email to your merchant account, titled in your corporate name, and posting as available cash funds by the following morning. Your money is not trapped, converted to bank float or assessed with unnecessary fees.

You have instant access to secure web-based reports to track the progress of your deposits, all without leaving your desk. It's the simplest, most transparent way to deposit checks online.

You retain your own data, which is securely stored on your PC hard drive, with no dependence on third party or other proprietary bank systems. The check images and data are at your location, enabling flexible manipulation and integration with your back end accounting systems.

NATIONAL CHECK AND CURRENCY provides customer-centric solutions rather than bank-centric solutions for your business.

TAKE CONTROL OF YOUR BUSINESS'
FINANCIAL DESTINY

• Supplement your existing bank relationship with additional clearing opportunities
• Create multiple deposits daily - Deposits can be executed 24 hours, seven days a week, no exceptions
• Reconcile faster - Eliminate posting errors - integrate with your existing accounting system
• Information and control at your fingertips - View, print or send any single item front and back, or report on total activity year to date, from one or all locations. All account information is SSL secured and available 24/7 on your management website. Delegate access rights to staff for a single terminal, or multiple locations, ensuring the protection of confidential information.
• Accountability - Protect yourself from employee fraud with our tamper evident system, by tracking and comparing balances between your office, your website and your account.
• Efficiency - Turning a manual system of copying, filing and trips to the bank, into an electronic system that benefits you in every way. Save time, money and hassle, freeing you and your staff to create even more value for your business.

BUSINESSES THAT BENEFIT FROM OUR SERVICES

NATIONAL CHECK AND CURRENCY has been used successfully in a wide range of industries and has processed millions of checks for:

• International Businesses
• Check Cashing Stores
• Money Transmitters
• Currency Exchange Dealers
• Internet Businesses
• Payday Loan Stores
• Convenience Stores
• Grocery Stores
• Liquor Stores
• Dollar Stores
• Drug Stores
• Gasoline Stations
• Buy Here-Pay Here Car Dealers
• Consumer Lenders
• Auto Title Lenders

BANK DISCONTINUANCE

Bank discontinuance is a problem that has plagued the money service business industry since the 9/11 terrorist attacks on the United States. The banking industry’s lack of control and problems in maintaining transparency and tracking of cash transactions, combined with the back office compliance and exorbitant costs necessary to conform to the newly formed mandatory guidelines, created a domino effect in the banking community resulting in a rapid decline of service to the money service industries. Additionally, a broad range of trade applications can also benefit by the expedition of the check clearing process, the mitigation of back office handling expenses, and enhanced transparency.