| The number
of returned checks written in the United States over the
past several years has risen dramatically, to the point that
many businesses have had to quit accepting them as a method
of payment thus impacting their sales. When a business receives
a returned check they have few cost effective options available
to them.
SR2 has developed a highly effective,
economical solution to this growing problem. When a check
is returned non-sufficient funds, NSF, by the bank our clients
have the ability to recover funds electronically without
the usual hassles.
SR2 currently provides a method of electronic
check recovery that is second to none in the industry. When
you use SR2’s
state of the art check recovery solution you receive 100%
of the face value of the checks recovered. Our recovery rate
is extremely high and is in compliance with NACHA standards.
In many cases there is little to co cost to your business
whatsoever.
SR2’s Returned Check Recovery
Solution provides the following benefits:
- Minimal set up at no cost to the client
- Electronic capture of funds
- Ease of use with online reporting capabilities
- No Point of Sale hassles as with other services
For those checks that are not recovered
electronically within a specified timeframe, SR2 provides
state of the art Check Collection Services via our eCollect
system. Our process is totally transparent to you and your
staff because those checks will automatically be transferred
for you. Our approach to Returned Check Recovery delivers
one of the highest recovery rates in the industry for little
to no cost.
Contact
SR2 today to find out more
about this and other exciting programs.
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