Herndon, VA
December 16, 2002
CheckAGAINSM, a prominent check management services leader, announced that it is providing New York-based Binghamton Giant Markets comprehensive check management and loss prevention services. The deal is helping Binghamton Giant Markets substantially reduce losses related to bad checks. After completing a successful pilot program, Binghamton Giant Markets rolled out CheckAGAIN's check management services to all of its twelve locations.
"CheckAGAIN offers our business a suite of services that are unmatched by any other company," said Jim Whitaker, Director of Management Support Services for Binghamton Giant Markets. "The services fit nicely with what we are already doing and have exceeded our expectations."
"We create and implement solutions that are convenient and useful to our customers," said Tim Robinson, President of CheckAGAIN. "As a result, customers like Binghamton Giant Markets are embracing our technology and seeing bad check recovery rates 20 to 30 percent higher than other methods."
Binghamton Giant Markets are currently taking advantage of CheckAGAIN's comprehensive check management and loss prevention services, including:
- Electronic Check Re-Presentment (RCK) — uses electronic recovery methods
to re-present funds directly to the consumer's bank account. This process means faster
recovery and reduced bank fees. CheckAGAIN's unique service verifies available funds
before the second re-presentment.
- Centralized Returns — enables multiple locations to consolidate returned
checks into one bank, even if multiple depository banks are being used. This greatly
reduces bank fees and accelerates information associated with returned checks.
- Web-Enabled Reporting — allows managers to view returned items, control how
they are handled, access images and status of all returned items, and export data to a
variety of accounting applications. Push reporting enables automatic e-mailing of
customized reports.
Binghamton Giant Markets was able to easily integrate CheckAGAIN's check management services into their current systems. For instance, the grocery chain can easily automatically flag bad checks at the point of sale. In addition, CheckAGAIN was able to provide customers at each Binghamton location with information regarding returned check policies, helping to provide a seamless transition to the new check services.
About Binghamton Giant Markets
Headquartered in Vestal, New York, Binghamton Giant Markets, Inc., has built its business on a straightforward philosophy of offering customers honest, low pricing with no gimmicks. Founded in 1932, the company today has 1,000 employees and operates 12 supermarkets located throughout southern New York.
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.
