Through a link to the PayByCheck system, customers can fill out a simple online form that resembles a paper check.
Merchants have two options for payment settlement.
Using this tool, the merchant can control presentation to the consumer and manage transaction work flow, which may include such features as transaction approval procedures within the organization and back-office integration. Founded in 1997, PayByCheck. Although it cites a customer base of more than 4,500 merchants using its services, the company is still building up its data center to handle a large volume of electronic payments and is still refining its B2B strategy. For now, the challenge for PayByCheck is continued execution. The company will need to make significant investments in marketing, data-center enhancements and strategic partnerships to gain additional traction in the market.