DIRECT DEBIT A CHECKS BY PHONE SOLUTIONS

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DIRECT DEBIT A CHECKS BY PHONE SOLUTIONS
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What is Direct Debit?

• A fast, safe and easy way to pay by check over
  the phone using leading edge technology.
• Alternative payment method to offer consumers in
  addition to credit cards

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How does Direct Debit Work?

• Consumer agrees to pay by check over the phone.
• Necessary data is obtained from the consumer.
• Transactions are submitted to processing center.
• Transactions are electronically scrubbed to
  locate incorrect data.
• Records with possible problems are audited and
  corrected prior to payment processing.
• Funds are electronically sent to your business
  account.
• Management reports are sent to you electronically.

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What additional services are offered?

• Verification against consumer check writing
  historical database.
• Verification of funds in the bank before
  submitting transaction
• Representment Services for returned items
• Collections services

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Why use Direct Debit?

• Increase Market Share
• Convert anyone with a checking account into an
  immediate phone order
• no waiting for checks in the mail or COD
• 70 million consumers without a credit card
• More customers for the same advertising
• Better Customer Service/Faster Shipping for
  check-paying customers
• Funds available as quickly as with credit card
  sales

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Who uses Direct Debit?

• Mail Order
• Telephone Order
• Utilities
• Direct Marketers
• Subscriptions

• COD
• Home Delivery Services
• Telecommunications
• Cable TV(Pay per view)

Any company that takes payments over the phone
will benefit from using Direct Debit.
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Why choose Optimal Payments Direct Debit?

• Exclusive account number verification system
  reduces errors and fraud
• Fully electronic process available (EFT)
• Extensive reporting
• Already on-line with major call centers and
  fulfillment centers

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Get started using Direct Debit

• Merchant can be set up in as little as 48 hours.
• Training provided to your marketing staff to
  successfully educate consumers.
• Promotion of this added payment option makes the
  program more successful.

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How much does Direct Debit cost?

• Priced per transaction
• Less than a credit card
• Adds incremental sales without additional
  marketing costs

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How can we ensure it will be successful?

• Toll-free customer service technical support
• Tailor-made solutions
• Promotion of this payment option to the consumer
  is important to success