We offer a Consolidated Returns service that speeds up the check flow, improves collections and reduces bank fees for the returned checks.
How Consolidation Works: We provide clients with a special endorsement stamp that has our bank routing information so that returned checks are rerouted to our bank. This process dramatically cuts the timeframe in which our processing center receives checks and eliminates bank fees for approximately 67% of the bad checks. Consolidated returns eliminates your current bank's return fee and replaces it with our bank's lower negotiated fee. Successful Consolidated Returns checks cannot be charged a bank fee from the depositor bank because the bank never receives these checks.
| Consolidated Returns is a big advantage for merchants: |
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Reduces bank fees associated with returned checks |
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Expedites and centralizes reconciliation of returned items |
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Delivers checks to BounceBack days earlier than the traditional banking system |
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Allows us to begin the recovery process sooner which increases collection ratios |
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Provides more timely notification which helps control repetitive check offenders |
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