FREE BAD CHECK RECOVERY!

Merchant receives 100% of the check amount of NSF checks.

No charge to the merchant. The check writer is charged a bad check fee.

No more re-deposit or bad check fees charged to the merchant.

No set up fees and no monthly minimums.

Funds are paid weekly, not monthly like other companies.

75% to 85% collection rate on NSF checks is twice that of other companies.

We do all the work so you can focus on running your business.

Reports are sent to the merchant whenever new bad checks are received or funds are collected.

National network of processing centers provides the best possible service nationwide.

The merchant signs up for the service and signs release form authorizing their bank to send all returned checks to our processing center.

Merchant posts new "check policy" sign at the point of sale, i.e. at each cash register, or on a desk, door or window (we provide the signs). If merchant bills monthly, the check policy can be added to the billing statement.

Returned checks are sent to a local processing center. Checks are then converted into electronic transactions and transmitted to the ACH network for debiting from check writer's bank account. A report is also sent to the merchant listing the returned checks.

Collected funds are paid weekly and a report is sent to the merchant whenever funds are collected. If funds were not available, we monitor bank account for up to 30 days to verify fund availability. Once available, we debit the funds. Remember, we are 75% to 85% successful during the first 30 days.

If funds are not collected within 30 days, checks are sent to our law firm which specializes in collecting on bad checks. Their fee is 25% of whatever they collect (optional). Otherwise, uncollected checks are returned to the merchant.

Recently the National Automated Clearing House Association (NACHA) passed a new rule that allows NSF checks to be recovered electronically.

A ruling was also passed which allows merchants, who meet authorization requirements, to collect on NSF checks by debiting the check writer's bank account. The merchant was required to obtain signed written authorization from the check writer at the point of sale.

On March 15, 2001, a ruling was passed which modified the authorization requirements needed to allow a merchant to debit a check writer's bank account. According to this new ruling, notification by displaying a "check policy" at the point of sale meets the authorization requirement. In other words, instead of getting written authorization from the check writer, all a merchant has to do is post a sign that states that if a check is returned, the check amount plus a bad check fee will be debited from the check writer's bank account. That's it!