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What's new at CheckMaticMatic

January 15, 2004

CheckMatic Lock Box software application is introduced. Businesses can reduce deposit fees and trips to the bank and high bank return fees. You can find out in 2-3 days if a check is going to bounce. Resubmitting checks and fees are just a matter of scanning the check again and adding another transaction for the return fee.

December 23, 2003

Checkmatic Express has been updated to include new help files and a link to our online reporting system. If you are using this software please update your software now.

CheckMatic Live is complete. Merchants can now use the consolidated return process, represent checks and fees and only pay a small fee to resubmit the check and fee up to two times. Call for pricing based on volume.

December 15, 2003

We have stopped work on the check conversion with the Nurit line. After several months, thousands of dollars and absolutely NO HELP from Lipman, we have turned to the Verifone line of equipment. It is doubtful that we will ever work with the Nurit line of terminals. Verifone has been more than helpful and we should have the check conversion ready for the Omni 3750 by the first of February 2004. We are working on special pricing for equipment to offer the best price possible for our merchants and independent offices. Eventually we will have most of the Verifone line of equipment supported. After that we will begin programming for the Hypercom line.

June 2003

Consolidated returns is introduced and can be used with or without our collection services. This new service can significantly reduce return fees that merchants are being charged by their bank.

May 2002

CheckMatic moves to their new offices in Conroe, TX. This new location gives Checkmatic room to grow. At this time two new servers are purchased as well as complimenting work stations.

March 2002

CheckMatic now stocks and sells check readers and credit card machines at very competitive pricing.

January 2002

CheckMatic Express is introduced. The latest member of arsenal of CheckMatic collection products by CheckMatic. This version has several target markets including independent offices and small to medium sized merchants.

• Existing CheckMatic users can use CheckMatic Express to outsource their data entry to a location across town or across the country. Returned checks are entered into the software and then exported to the home office where CheckMatic collection software will import them and start the recovery process.
• CheckMatic ECR and above users can also distribute this new software to those hard-to-get accounts that just won't give up their checks for fear of loosing control of them. They want to pick and choose which checks they forward on for collection. Now they can and everybody turns up a winner. The store owner enters the checks he wants to send, selects the dates for the re-deposit attempt and even decides whether or not he wants to charge a return fee. He then exports the data to you. You import the data into your CheckMatic software and the rest is handled by your software's collection scenario. Collected money can be automatically credited into your clients account through an ACH credit and you can bill the client on a per item basis or by keeping or sharing the recovery fee.
• CheckMatic Express can be used to set up local processing centers around the country. Each independent office can keep a local presence while the actual processing of the checks is handled thousands of miles away.
• All checks are uploaded to our online reporting system daily for the independent offices and/or merchants to view the checks in the system.

December 2001

CheckMatic releases TelSoft, our ACH check-by-phone software. TelSoft is accompanied by a new web based reporting tool that allows the user to see percentages of cleared items, administrative and NSF returns, rolling reserves and daily settlements into their accounts.

October 2001

CheckMatic users can now offer their clients 24/7 access to their data via the Internet. Check verification reports are also available now. With our new iNet check verification software, merchants can now get a response in less than one second instead of the 6-10 seconds it has taken with dial up service.

August 2001

CheckMatic is nearing completion of its web based reporting. Users of our CheckMatic software will soon be able to give their clients web based access to their data, as well as to do one time ACH transactions. Also on the list of soon-to-be-available services is our Internet based check verification. Merchants with full time Internet connections will be able to do real time check verification.

July 2001

CheckMatic now sells their check collection software products to new and existing collection agencies. This expands the verification system by users reporting returned checks to our data base from a nationwide network of collection agencies.

Aptil 2001

CheckMatic introduces the Business Professional check drafting software. The professional version up an opportunity for service bureaus to provide check drafting services to merchants and business with multiple company names to use one software for all of their companies.

August 2000

CheckMatic adds ACH processing to their product line. This up ACH services to small businesses that have a need for one time or recurring debits.

June 2000

CheckMatic begins providing complete check collection services. This includes RCK and traditional collections. This is our first RCK and traditional check collection software. Testing has gone very well and our software is in full use now.

March 2000

CheckMatic introduces the check by phone draft printing software. Business can now take checks by phone, fax and online just like credit cards.

December 1999

CheckMatic is formed to develop software for use in check drafting and collection services.

Questions regarding our NSF check collection, NSF check processing opportunity, or our CheckMatic recovery software, should be directed to Chris Tipton. Minimum system requirements are 500 MgHz computer, 128 Mg Ram, 20 Gig Hard Drive, Internet Access and a Printer. You may encounter problems if using a proxy server for communication with the Internet.

Updated
Information subject to change without notice