Herndon, VA
July 25, 2001

CheckAGAIN, a leading provider of NSF check recovery solutions, announced the commencement of a strategic partnership with eCollectPlus of Dallas, Texas. eCollectPlus provides comprehensive exception check reconcilement services for businesses.

According to banking industry statistics, approximately 1.4 million bad checks are written daily. These checks can take as long as 10-14 days to be processed by the banking system, causing costly accounting delays, incurring banking fees and generating administrative costs for businesses.

The CheckAGAIN and eCollectPlus partnership provides advanced "Exception Reconciliation," an RCK program that electronically automates all returned check functions. Using the CheckAGAIN processing engine, eCollectPlus offers a service to their customers that completely tracks returned checks online from inception to resolution, converting NSF checks to RCK electronic debits.

CheckAGAIN technology will allow eCollectPlus to offer centralized returns processing which routes returned items to one depository bank, catching checks early in the processing cycle and cutting a business' time to know about check returns to as little as 72 hours. The subsequent electronic re-presentment (RCK) of an NSF check reduces the cost and shortens the recovery time of returned items.

Businesses using these services also gain access to electronic reporting, which provides complete details on all checks processed through the system, including digital images of the front and back of each check.

About eCollectPlus

eCollectPlus is a privately held Delaware LLC with offices in Dallas, Texas, managed by Phillip Yarbrough, CEO and Gary Cheney, COO. Its mission is to provide a complete solution to the handling of NSF checks, from the time that the depositor is charged back for an NSF check until its final resolution. The company’s tools include services and processes to manage the reconciliation and tracking of returned items through every step in the recovery process. They provide a web-enabled check management system to allow research of individual items and reporting; centralized return processing; and electronic re-presentment to improve cash flow, reduce processing fees and increase recovery of NSF checks. From check authorizations at the point-of-sale to centralized return processing, eCollectPlus provides powerful services for companies and organizations looking to reduce the costs involved in their return check processing. Further information about the services that eCollectPlus provides can be seen at www.ecollectplus.com.

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.