Cash Flow Solutions Inc.: Daily Monitoring

Cash Flow Solutions, Inc. is one of the few companies that invests in funds verification throughout the entire recovery process. Before debiting check writers' accounts for the check amount and service fee, our call center contacts their banks to verify that they have sufficient funds. We call for 35 days on checks with an open account.

Other companies do a form of funds guessing by blindly debiting check writers' accounts hoping to find money. If that does not work, they will time the debit so that it hits around paydays (1st and 15th). Fifty percent of those debits bounce back costing check writers an additional and exorbitant bank fee.

If you are considering an electronic service, the important question is: Do you verify funds throughout the entire collection process before you debit check writers' accounts?

Funds Verification	Blind or Timed Re-Presentment:
keeps the check alive and collectible protects the check writer from excessive bank fees allows us to collect a check within 24 hours of account funding is a labor-intensive strategy that few services in the industry are willing to do	kills the check after two failed attempts exposes the check writer to exorbitant bank fees (up to $120 per check) has no idea when funds are deposited into accounts is a low-cost strategy that most electronic companies use to increase their profits

Funds Verification vs. Timed Re-Presentment