NSF Check Recovery
Each day in America over a million
bad checks are written. Some bad checks are an honest mistake
whereas others have been written with the intent to defraud.
To help fight this growing problem we have created the most
advanced method of collecting bad checks available today.
We call this service "Direct Recovery" and we offer
this service to you ABSOLUTELY
FREE.
- Recover 100% face value of the
returned item.
- NSF funds in as little as 5
business days.
- Electronic Checks usually take
precedence over paper checks at the bank.
- Easy to target, "Strategic
Re-presentment" specifically aimed to capture funds.
- Re-presentment recovery rate
of 40% to 80% and higher.
- Never a bank fee to the company
doing the re-presentments.
FREE SERVICE
Your company will receive 100% face value
of each check that we collect with no long term commitments
(cancel any time) or strings attached. The way the service
works is that we charge the individual who wrote the bad check
an NSF fee, which pays for all of our services.
ONLINE REPORTING
Each check that we receive is entered
into our Direct Recovery program, which allows you to monitor
and track through our web-based tracking system. You'll be
able to monitor what bad checks have been written, what stage
they are in the collection effort, send comments to our staff
about a particular check, and generally keep tabs on all of
your bad checks. Again, this service is provided to you absolutely
free and is available to you 24 hours a day, 365 days a year.
ELECTRONICALLY COLLECTED
In the event a check is returned
from your bank NSF (non-sufficient-funds), the check is forwarded
to our service center for re-presentment. Once received, we
will use our exclusive EAMS (Electronic Account Monitoring
Service) service, which monitors checking accounts through
the ATM network to determine the status of the account. If
EAMS determines that the account has funds, then an electronic
debit is immediately sent to collect the amount owed.
NO HARASSING PHONE CALLS
Because the service is 100% electronic,
your customers will not be subject to harassing phone calls,
letters, or the embarrassment of having to make good on the
check in person. In the event that we are unable to collect
the funds electronically, you then have the option of sending
the check to our traditional collection service and attorney
network, or if you prefer, the checks can be returned to you
or your preferred collection service.
OPTIONAL TRADITIONAL COLLECTIONS
In the event that we are unable
to collect the bad check electronically, you can optionally
forward the check to our traditional collections affiliate,
Integrated Credit Solutions (ICS). With the most advanced
collections system available in the industry ICS can provide
a lot of flexibility in your collection procedures and allow
you complete transparency in the status of your accounts.
By combining the advantages of electronic re-presentment with
traditional collections, we are confident that we are providing
our customers the absolute best possible service. Please visit
our Collection Services pages to find out more.
REPORTING TO DATABASE OF BAD
CHECK WRITERS
As an additional feature, we report
any individual who has written a bad check to several national
databases of bad check writers. By doing so, if the individual
were to try and write another check to merchant who is a subscriber
to that database, the transaction would be declined and the
individual would be directed to contact your company to make
good on their bad debt. The individual would continue to be
listed in the database until your company has indicated that
the bad debt has been resolved.
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