Vienna, VA
February 9, 1999
CheckAGAIN, a leading developer of payment processing and recovery solutions, announces the launch of its advanced electronic check management system to recover funds from bounced checks.
According to banking industry statistics, approximately 1.4 million bad checks are written daily, costing American businesses over $9 billion each year. CheckAGAIN satisfies the nationwide demand for a cost-effective, time-saving method to collect the full face value of bad checks electronically, using the banking industry's ACH network. And since CheckAGAIN presents its fees directly to the consumer, clients pay nothing, and always receive 100% of their principal back upon collection.
Using the latest in e-commerce technology, CheckAGAIN can return the client's principal up to 60% faster. Old-fashioned methods of collections sometimes take months. And since CheckAGAIN recovers funds electronically, the re-presentments have precedence at the bank over paper collections, providing as much as a 50% better recovery rate on bad checks than a typical collection agency.
CheckAGAIN clients can view numerous real-time reports via the Internet using the industry standard, Java-enabled Microsoft Internet Explorer 4.0. Reports can then be downloaded directly in Microsoft Excel format, for better compatibility and conversion into various in-house accounting systems.
CheckAGAIN is indeed the ideal solution for retail merchants. However, CheckAGAIN has discovered that account-based markets can benefit as well, including utilities, cable and paging companies, municipalities, and generally any industry that experiences a high volume of bounced checks.
About CheckAGAIN
Established in 1998, CheckAGAIN uses innovative technology to simplify and improve the recovery process on returned checks for merchants. The widely used system helps businesses nationwide increase their recovery on return checks, while lowering associated transaction fees. CheckAGAIN assists consumers by significantly reducing inconveniences normally associated with resolving misunderstandings due to returned checks. For additional information please visit www.checkagain.com or call 800/666-5222.
