Bad checks don't have to be bad for business!
Despite significant declines in paper check volume, there are still 24 billion checks processed annually in the United States. Unfortunately, the current economic and regulatory environments are causing a higher proportion of dishonored checks...and financial institutions and merchants are bearing the cost.
The Smart Check Recovery Solution
Smart Check Recovery from Payment Stream Solutions is a full-service solution that combines electronic and traditional collection methods to generate higher collection rates on the largest percentage of dishonored checks. There are incredible benefits for financial institutions and merchants that select Payment Stream Solutions for their check recovery needs:
Financial Institution Benefits:
- Completely new product offering that delivers real value to your merchant customers
- Improves retention and lifetime value of participating customers
- New source of fee income
- Cost savings in back office return functions
- FREE and easy to implement
Merchants:
- Higher collection rate on dishonored checks
- When collected, you receive 100% of the face value of the dishonored check
- Utilizes both electronic and traditional collection methods to maximize collection rates
- Takes you out of the embarrassing and time-consuming collection process
- FREE and easy to implement