NSF-Enterprise Check Recovery Software

Overview:

Collectors on the cutting edge understand the value of electronic payments and are working with third party service providers to electronically process payments “live” in the call center or have payments integrated on-line or with an IVR.

You may also find opportunities within the financial sector that are looking for ways to increase their fee income. There is additional revenue to be obtained from an NSF transaction. The source of the incremental fee income is not the bank’s customer base; the additional income is from the check writer that wrote a bad check to the bank’s commercial customer- he most likely does not have a direct relationship with the bank.

NSF☼CHECKPROCESSING is an enterprise web- based collection platform licensed by third party processors who facilitate electronic recovery services on behalf of their customers. The targeted industries may include retail merchants, account-based businesses and financial institutions interested in fee-base revenue opportunities in outsourcing their check and item recovery services through a third party entity. ACH collection works for both paper and electronic returned items.

• Dramatically improves the collection of bad checks for business customers
  
• ACH transactions have additional representment rights, targeting payroll dates and Fridays- significant benefit to any bank’s commercial accountholders
  
• Creates recurring fee income for the bank
  
• Merchant and or bank can access online return item and check detail