Electronic Check Recovery
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Our system collects NSF checks and returns 100% of every check collected. Our process is fast because it is electronic. |
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Our software also generates collection letters for account closed check collection and forwards the check for prosecution. |
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There are no set up fees, collection fees, or monthly fees ever! |
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Management and employee's time is saved because we automate the process. |
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No special software or equipment is required. |
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"Out-of-town" checks are as easily collected as local NSF checks. |
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Increases collection recovery rates over traditional methods. |
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No long-term contract to sign and can be cancelled with 2 weeks notice without penalty. |
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Our batch processing center has successfully served businesses nationwide for over 11 years. |
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All recovered funds are reimbursed to the merchant the same day they are recovered via electronic deposit. |
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Daily, weekly, monthly and quarterly reports are available or you can view the status of your account online 24 hours a day via secure website reporting. |
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Federal reserve polls show that customers prefer this method of collection over traditional ones. |
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Saves time and money, we do the work while you enjoy the results! |
Back Office Conversion
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Reduction of bank service charges. Because your deposits are electronic, you'll never pay another bank deposit fee or bank returned item fee. |
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Reduced deposit preparation time. No special trips to the bank to deposit your paper checks. You make your deposit from virtually anywhere. |
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Consolidate deposits from multiple locations into one depository account, reducing unnecessary banking relationships and fees. |
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24/7 Internet reporting lets you track and report on your electronic deposits from anywhere, anytime. |
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No more waiting 5-7 days for out-of-town checks to clear, you now receive real funds within 48 hours, regardless of where the check was written. |
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And when an electronic check is returned, you are notified within 48 hours of deposit, not 5-7 days as is often the case with paper checks. This benefit alone can be crucial to property management and mail order companies, as well as for retail business's who might otherwise continue to accept checks on an account that is insufficient or possibly closed or stolen. |
Check Verification
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Reduces losses by stopping them before they occur. |
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Files are updated daily from most major financial institutions. |
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Increase sales by accepting more checks with greater confidence. |
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Low cost of installation, can often use current credit card machines for this service. |
At ARS our goal is twofold:
* RECOVER AS MANY OF YOUR RETURNED CHECKS AS POSSIBLE.
* REDUCE THE NUMBER OF BAD CHECKS YOU RECEIVE THROUGH VERIFICATION AND
PROPER MERCHANT CHECK ACCEPTANCE.
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We will monitor your account activity and assist you in putting check acceptance measures in place to reduce the number of Account Closed and NSF Checks that you take in. We will contact either you, or your cashiers/locations directly, that are not following the check policy and thus affecting your bottom line. Our goal is to turn your cost center into a profit center. |