i-Vault ECC Authorization & Warranty Service

• Automated online check authorization with full payment warranty

• Checks are typically approved in 1 to 3 seconds
• Maximizes transaction approvals - mitigates false positives & negatives
• Check approval rates average 90%+ with many merchants exceeding 95%
• Full liability coverage for all approved transactions - merchant is reimbursed
100% of the value of returned checks, usually within 5 days
• No additional fraud screening required
• No warranty fees on declined checks
• Provides guaranteed ECC transactions at rates lower than risky credit cards

FEE SCHEDULE

FEE TYPE LINE ITEM FEE / i-Vault Fees

Set Up Fees Merchant Set-Up & Integration (Call for Quote)
Recurring Fees Monthly Maintenance Waived
Monthly Minimum Waived
Online Processing
Processing Charges Merchant Discount Rate (call for quote)
Transaction Fee Per Transaction $0.20
Included Fraud Prevention Tools Bank Routing Number Verification Included
Optional Services:
Check Authorization Per Transaction $0.25
Check Guarantee 100% Payment Guarantee 2.5%
Merchant acknowledges receipt of fee schedule and agrees to the above fees:

Date ___________ Authorized Signature____________________________

SERVICES DESCRIPTION
I-Vault Fees - Fees charged and collected by I-Vault
Set Up Fee - One time fee charged for account set-up in the I-Vault ECC system, plus;
One time fees charged for integration, testing, custom development and implementation
Recurring Fees - Fees charged per month for Merchant Account maintenance
Any other account fees charged per month or per year
Processing Charges - Rate charged for ECC image file creation and processing
Rate charged is percentage of gross value of items submitted for bank clearing
Transaction Fee - Fee charged per ECC transaction whether approved or declined
Included Fraud Prevention Tools - Fraud prevention tools included in transaction fee

Optional Services - Services that are available for an additional cost

Negative check-writers database Queries the online database to see if your customer is a recent
check bouncer
Bank Account Verification - verifies the customers bank account and checks for available funds
Check Guarantee - Indemnification insurance - pays all items regardless of disposition