According to banking industry statistics, approximately 1.4 million bad checks are written daily. These checks can take as long as 10 to 14 days to be processed by the banking system, causing costly accounting delays, incurring banking fees and generating administrative costs for businesses through writing letters, making phone calls, repeat bank charges, etc.
Bad checks aren't just an expense for your business - they're a problem for your customers as well. Now there's a no-cost solution to this problem. You can recover those funds electronically, eliminating issues for you and your customers, and actually generate revenue for your business.
DIRECTRecovery™ uses the exclusive ATMVERIFY™ technology to periodically monitor your customer's checking account and as soon as the funds are available, it electronically transfers them from the account along with a small service charge. You receive 100% of the value of the check and in some instances, a portion of the service fee as a rebate.
Collecting checks electronically is faster and more convenient than other methods and increases the chances that your funds will be recovered by up to 80%. Your customers are saved the embarassment of having to bring in another check or answer uncomfortable phone calls or letters.
In the event the check is not collectable electronically, we also offer traditional and attorney-assisted collections from one of the oldest and most respected collection firms in the nation. This service is also provided to you absolutely free.
By combining the traditional and attorney-assisted collection
services with our electronic collection process, DIRECTRECOVERY™
is by far the most comprehensive and advanced service for
collecting dishonored checks.
