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Electronic
Check Recovery.
.
Electronic check
representment is a new process for recovering NSF
checks by converting the check into an electronic
transaction and debiting the customer's account for
the face value of the check and the service charge.
Have
you ever received a returned check?
If so, you will
be happy to know that there is an exciting new concept
that provides merchants with the latest in payment
technology. A new banking rule became effective
Sept. 18, 1998 which makes it possible to collect NSF
checks electronically.
This new form of
collection virtually revolutionizes NSF check recovery
for retail merchants.
Now
is the time to move to this exciting way of collecting
bad checks. We do all the work for you so you
can concentrate on making money.
You
or your staff do NOT have to call your customers or
wait for them to come in to bring you cash. This
also means less embarrassment for the customer. Join
Today! We'll start collecting your
returned checks right away!
Americans
love to write checks
Check
writing continues to grow at 2% to 3% annually.
Over 66 billion checks are written every year with 18
billion issued at the point of sale. Check
payment at the retail point of sale is not expected to
diminish any time soon. The cost of returned
checks directly impacts any merchant's bottom line.
Merchants are experiencing higher losses from
fraudulent checks each year. According to
studies, about 85% of returned checks are due to
insufficient funds (NSF). A major problem facing
merchants is the 7 to 12 days between acceptance at
the point of sale and the return of the check due to
non-payment. Typically retailers have in house
staff or an agency to collect bad checks
A
new banking rule allows us to collect your NSF Checks
Electronically!
A
new banking rule became effective September 18, 1998,
that makes it possible to collect NSF checks
electronically. The National Automated Clearing House
(NACHA) announced in March 1998 that checks which have
been returned unpaid for NSF can now be collected
through the Automated Clearing House (ACH) Network,
the network that allows financial institutions to
exchange payments on behalf of business customers and
consumers.
Free
To Join
Now
is the time to move to this exciting way of collecting
bad checks. We do all the work for you so you
can concentrate on making money.
You
or your staff do NOT have to call your customers or
wait for them to come in to bring you cash. This
also means less embarrassment for the customer. Join
Today! We'll start collecting your
returned checks right away!
Best of all,
our electronic check recovery program known as
Always
DoubleCheckTM
is a FREE
service.
Join
Today!
Always
DoubleCheck
P.O. Box 129
California, MO 65018
Customer Service 1-888-546-3990
customerservice@alwaysdoublecheck.com
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