For Banks
Business Check Recovery Program
We recover your Business Client’s returned checks electronically to help you create exceptional customer value!
When your business customers deposit customer checks into their business accounts, those checks are sometimes not honored by the paying bank. These checks can be returned unpaid for many reasons but typically it’s due to insufficient funds (NSF) or because the account is closed. That’s where we can help you and your Business Clients!
Working with you, those items are directed to ePayments for electronic representment instead of sending the check back to the Business Client. ePayments will image the check and electronically redeposit the unpaid item directly back to the check writer’s account through the Automated Clearing House. The check images are analyzed by our proprietary software and our system automatically schedules representments using Smart Dates. This technology ensures a higher recovery rate than traditional bank methods. This service is free for your Business Clients, and no account changes are required. Our dedicated customer service teams will do all the work to set up the service and ensure a great experience for your Business Clients!
Business Benefits
· 100% Totally Free Solution
· 100% Totally Compliant Solution
· 100% of Recovered Face Amount Paid to the Business Client
· All Returned Checks Qualify for Recovery
· Items are Recovered at a much Higher Rate (80% vs 45%)
· Businesses Eliminate Time Spent Chasing Bad Checks
· Businesses have 24/7 Online Access to Check Images and Info
· Notification and Reimbursement Info Provided
· Website access to Track Status of Checks and Reimbursements
· Bottom Line: Virtually Eliminate NSF items; Increase Cash Flow
Bank Benefits
· 100% Totally Free Solution
· 100% Totally Compliant Solution
· 100% of Recovered Face Amount Paid to the Business Client
· Increase Business satisfaction
· Strengthen Bank-Business satisfaction
· Create Competitive Advantage in Acquiring Business Clients
· Improve return item recovery rates from 45% to 80% · Recapture deposits previously lost
· Reduce Infrastructure Costs · No Capital Outlay
· Bottom Line: Maximize Business and Merchant Satisfaction through Highly Valued Service
Check Writer Benefits
· Bad Check made good with No Effort for the Check Writer
· No Business Contact so No Embarrassment for the Check Writer
· Business Relationship Retained
Thank You for the Opportunity to Gain Your Trust and Business!
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