Our
NSF collection process is much faster and more convenient than
any other method available on the market today, and it will work
for any bank in the United States and its territories. Recovering
out of state checks has never been easier.
Using NSF Pursuit's NSF Check Recovery system is a Win-Win
Situation for you and your customers
You won't have to make any more embarrassing Phone Calls
or send any Nasty Letters. Plus electronic bank transactions are
processed faster than regular checks and it saves on bank fees.
Your customers won't have to resubmit a money order or cashier's
check, receive those uncomfortable phone calls or nasty letters.
Hopefully, you will save a valuable customer by saving them
embarrassment of having an NSF check.
More Benefits of Using NSF Pursuit
1.
Lower Collection Costs -
Most banks charge merchants $15 each time they deposit a bad paper check. Electronic Check Representment service is offered to you, the merchant, at no cost.
2.
Dramatic Improvement in Collection Rate - The National Automated
Clearing House Association (NACHA) reports increases in collection
rates by as much as 50%-85% as compared to the most common collection
methods used today. And typically, the recovery rates are much
higher the sooner the NSF check is represented electronically.
3.
Faster Deposit into the Merchant's Bank Account - Most collection
methods take 30 to 60 days to recover NSF items, and it is common
for these methods to extend beyond 120 days. Electronic check
Representment reduces the payment time to seven business days.
The seven day period allows time for the check to be completely
processed. The funds that are recovered electronically are then
deposited directly into your account.
4.
NSF Check Representment Timing - NSF Pursuit can time the representment
of the check to hit the bank on payday, whether it be the last
day of the month, every Friday, or whenever the person receives
their wages. This approach substantially increases the chance
of collection. Other methods do not provide the ability to time
the collection.
