Centralized Returns   Online Reporting

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Centralized Returns is a system where all returned items are sent directly to our bank. Since the returned check is not sent to your bank then you are not charged the return charge by your bank. Typically merchants are charged any where from $3.00 to as much as $20.00 or more per returned item. Our charge can be as low as $2.00 per item. The big benefit not including the cost savings is we will have the checks in our collection system much faster than if it has to go back to your bank and then to us by US mail.

The cost savings and turn around time getting the funds back into your bank can be phenominal using centralized returns. Depending on the state you are in and/or the volume of checks you receive, the low return charge can even be refunded with the collection of the check.

Compare of what you are being charged now and how much you can save. Typically we can have the check in our system in three to five days with centralized returns instead of ten days to two weeks without centralized returns.

• Reduced Bank Fees Receive preferred pricing on return item fees from CheckMatic by using centralized returns to our bank.
• Fewer Losses Get faster access to return information, which helps prevent you from accepting more bad checks from the same check writer and increases our collection rate. This will work best if using our check verification system.
• Improved Cash Flow Since you will pay less for returns you will have more funds in your bank to run you business with or pay off any outstanding loans you may have or invest in something profitable.
• Real-Time Online Reporting with Images Access your accounts at any time and see your returns as soon as they are received and charged against your account, not a day or two after. Your return item images include both the front and the back of every return. This is in addition to our daily notification reports at no charge.
• User Defined Access to Online Reporting Control access to your accounts by individual locations and corporate reporting access of all locations.
• Complete Data Capture Capture 31 different data fields customized to your requirements.
• Advanced Return Notification By the time you receive our daily e-mail notification of returned items they will already be live on our online reporting.
• Print Reports From Browser Print out any checks and data 24/7 directly from your browser.
• Secure Online Reporting Our online reporting is a VeriSign secure site.
• No Middle Man Many providers of centralized returns programs actually work through other banks and must wait to receive the information, returned items, and other associated data from the other banks before reporting it to you.