Electronic check recovery
By: NUEPAY | Posted: 16th January 2007
Electronic Check Recovery
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It's easy to understand why many businesses refuse to accept checks from customers. No one wants to deal with the costs and hassles that come from fraudulent or bounced checks. Electronic check recovery can help your company handle these problems more efficiently and tactfully. When you accept a check, you're also accepting the risk that the customer won't have enough funds in his account to cover the payment or that the check is fake or coming from a non-existent account. In either case, electronic check recovery can help you obtain the funds owed to your business.
At Nuepay, we can provide you with the software to help you recover a payment when a check bounces. The ACH network allows your company to convert a returned check into an electronic ACH transaction through return re-presentment. This process is even easier if you use electronic check processing instead of a paper check from the start.
Electronic check recovery also allows you to specify when you want to recover the funds. Certain times of the month may work better than others. For example, a customer is much more likely to have the funds available immediately following a pay day. Electronic check recovery lets you avoid sending embarrassing letters to your customers regarding bounced checks. Instead, you can recover the funds more quickly and easily without damaging your customer relationships.
Electronic check recovery is just one of many services Nuepay can provide your business. We offer a host of electronic payment solutions, including the ability to accept payments electronically. To learn more about the electronic payment services that best suit the needs of your business, visit us at www.nuepay.com, email us at sales@nuepay.com or contact a representative by calling 1-800-815-4105.
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Tags: hassles, risk, checks, best suit, customer relationships, pay day