Smart Check Re-Presentment

  
 
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The Smart Check Re-Presentment is a costly investment for Cash Flow Solutions, but a valuable process for increasing your collection revenue and saving your customers' money. The re-presentment is "smart" because our call center contacts the bank to confirm sufficient funds to clear the check before debiting the account. By confirming funds before we debit, Cash Flow electronically re-presents checks to your customers' accounts when they actually have money to cover the check.

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The Smart Check Re-Presentment process:
     
  Dramatically reduces bank fees for your check writers
  Allows customers to pay off their check debts rather than their bank debts
  Demonstrates an 11% higher collection rate than our competitors
  Builds loyalty with your customers
  Is a WIN-WIN for you and your customer
     
What are a Blind and a Timed Re-Presentment of a Check?
     
  To understand the advantages of a Smart Re-Presentment you need to understand how a blind re-presentment can drain your customer's bank account.
     
  1. The Check is presented in the blind, not knowing if the customer has funds to cover the check amount.
     
  2. Approximately 50% of the re-presentments bounce a second time and the bank charges the check writer and merchant each time.
     
  3. Your customers have to pay off their accumulating bank debts before paying off their individual check debts.
     
 

All of our competitors do a blind re-presentment when they attempt to collect checks electronically. If the blind re-presentment fails they have one more chance to re-present the check electronically, and they do a timed re-presentment based on the typical paydays, 1st or 15th of the month.
     
Why don't all check recovery companies do a Smart Check Re-Presentment?
     
  Cash Flow Solutions is the only electronic payments company that calls banks to confirm funds. None of our competitors are willing to make the investment in an expensive call center which means your customers are getting hit with outrageous bank fees.
     
How do customers react to the electronic transactions hitting their accounts?
     
 

If the services that support technology are fair and transparent, customers prefer the ease of electronic collections and the way it eliminates the embarrassment factor. Using a Smart Check Re-Presentment and putting our toll-free number on your customers' bank statements protect the relationship with your customers.

We redirect all customer calls away from your business to our trained specialists. They are empowered to respectfully resolve all issues so your customers are satisified.

     

 

 
 
 
 
     
 

 

 

We are the only

payments company

willing to make this

investment in a call

center because it is

the right thing to do

for our merchants and

their customers.