TeleCheck was founded in 1964 by John Chaney & Robert Bayer. The company originally began as a check verification service, providing businesses with assurances that a clients personal check, even out of state checks, had sufficient funds.
Today, TeleCheck operates as an electronic funds transfer service. Customers who do not have or do not wish to use, their credit or debit card have their personal checks entered into a TeleCheck device, which electronically transfers the funds immediately from the clients checking account to the business.
TeleCheck also keeps records of persons who write bad checks. Historical data check verification services that use a national network with a negative check database can be difficult for consumers and businesses to remove themselves from once they get on, even in the case of errors.
In 2014, the company paid $3.5 million in fines to the FTC for violating the Fair Credit Reporting Act and for failure to promptly correct errors on consumer accounts.
TeleCheck was acquired by First Data in 1992. The company has acquired several other check verification services since the 1990s, including ClearCheck Services in 2006.
TeleCheck operates as a subsidiary of First Data, which has headquarters in Atlanta, Georgia.
TeleCheck was founded in 1964 by John Chaney & Robert Bayer. The company originally began as a check verification service, providing businesses with assurances that a clients personal check, even out of state checks, had sufficient funds.
Today, TeleCheck operates as an electronic funds transfer service. Customers who do not have or do not wish to use, their credit or debit card have their personal checks entered into a TeleCheck device, which electronically transfers the funds immediately from the clients checking account to the business.
History
TeleCheck also keeps records of persons who write bad checks. Historical data check verification services that use a national network with a negative check database can be difficult for consumers and businesses to remove themselves from once they get on, even in the case of errors.
In 2014, the company paid $3.5 million in fines to the FTC for violating the Fair Credit Reporting Act and for failure to promptly correct errors on consumer accounts.
TeleCheck was acquired by First Data in 1992. The company has acquired several other check verification services since the 1990s, including ClearCheck Services in 2006.
TeleCheck operates as a subsidiary of First Data, which has headquarters in Atlanta, Georgia.
They most ignorant company I have ever dealt with. Maverick frauds me they tell you it was fraud they file the dispute that it was fraud therefore YOUR company said it was invalid dispute and I owe Maverick still.
Unbelievable Maverick frauds me and YOU help fraud me again.
I am 70 years old and this is by far one of the most difficult companies I have ever dealt with. My frustration level is a 10. I made no error. The error is on YOU. Not me or CVS. It took me 5 calls and DEMANDING a manager to get any help.
I am a physician who used Telechek in my office. I closed my office. I spoke to someone a month ago to cancel the services. I am still getting charged for this. I still have my checking account to pay professional bills. How do I get the service cancelled.
I am sorry to say that I find it ridiculous that my fire company check was denied for a purchase at tractor Supply. After making the arrangements to transport a gun safe the volunteer fire company’s check was denied by tele check and after calls to customer service I was told it will take 7 business days to remedy the situation. Being a VOLUNTEER fire co. we make arrangements in advance for transportation of large items based on the members time. When I called 404-890-2000 I was put on hold and transferred back to the que. I would like to speak with someone in corporate about this.