For merchants or banks accepting a great deal of personal checks, SaleSynergy offers the best check recovery solution.
This program is free to the merchant or bank.
A strategic electronic re-presentment system has been created to initiate the collection process automatically. All successfully collected items are reimbursed weekly at 100% of the face value of the returned check.
Key benefits that we can provide include:
- Free Service
- Reduction of workload in collecting and/or returning bad checks
- Generate new non-interest income thru revenue sharing agreement
- Provides a valuable service to your commercial customers - merchant receives less returned checks
- checXchangeTM is SAS 70 certified - ensures secure compliance with all federal regulations
- Pay 100% of the collected checks back to you
- 85% success rate on collecting checks with strategic re-presentment technology.
- No forfeiture of any existing bank fee revenue
- Substantially reduce your in-house collection expenses.
- Streamline reporting for your clients with secure access for each customer and hierarchy access for corporate management.