Using ChecksByNet, online consumers can write a check over the Internet for products or services by filling in their check information on a secure Web page. CheckNow works in a similar way, but the consumer gives the merchant their check information via phone or fax and the merchant submits the information to CrossCheck through its secure Web page.
comScore Networks Inc. has estimated online consumer sales for 2002 (excluding auctions) to have hit $74 billion, a 39 percent increase over 2001. comScore also noted sharp increases in the number of new online buyers and greater spending among buyers with online buying experience.
For more information on CrossCheck, visit www.cross-check.com or call 800-654-2365.
Publication date: 03/17/2003