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DIRECT Recovery ::.
The absolute best way to collect your NSF checks
 

DIRECT Recovery is by far the best way to recover checks that are returned non-sufficient funds (NSF). By using a variety of fully electronic collection techniques, jetCHEX can provide the absolute highest collection ratios and the quickest funding available today.

Automated NSF Check Recovery

  • Receive 100% face value of collected checks
  • Fully automated electronic process
  • Electronic account monitoring assures highest collection ratios
  • Comprehensive online reporting
  • Powerful and cost saving consolidated returns option
  • Generous rebate/revenue share program on all collected fees

The key to jetCHEX success is Electronic Account Monitoring System (EAMS). With EAMS, accounts are able to be electronically queried to find out when the checking account has sufficient funds to cover the outstanding item or returns to a positive balance. A positive response triggers an electronic debit of the checking account for the amount of the NSF check. DIRECT Recovery will then automatically fund each item successfully collected to the merchant.

jetCHEX will provide this service to you at no cost. Save yourself time and money! A few more benefits of using this service for your company are:

  • Dramatically increase the chances that the check will be recovered
  • Save your customers the embarrassment of paying in person, or the aggravation and ill-will from receiving harassing phone calls, letters or other typical collection methods.
  • Save yourself the hassle of having to make these demeaning collection calls
  • There is also opportunity for your company to actually create income by letting jetCHEX collect your NSF checks. After JetChex collects the face value of a check, we will charge the check writer who wrote the NSF check a fee that is equal to the maximum allowed by state law. jetCHEX will the rebate your company a portion of this fee
 
Customer hands you a check without knowing it is NSF and then you deposit it to your bank
Your bank will then forward the NSF check to our Direct Recovery department as opposed to sending it back you
Direct Recovery will instantly convert the check and start collecting by electronically re-presenting to the NSF check writer's account when funds are available for withdrawal.
       
 
Direct Recovery has full real time reports for your access any time anywhere. We will fund your accounts on collected checks on Friday of every week there is a check collected
Once funds are collected from the check writer, we will transfer the face value of the check back into your company account. This may seem too good to be true! Don't worry about us; we will collect the state allowable NSF fee from each check writer, and in many cases we will be able to share a portion of that fee with your company!



Benefits :

  • No Collection Calls
  • No Mailing Collection Letters
  • No Set Up fees
  • No Monthly fees
  • No Annual fees
  • No fees at all
  • 85% Recovery Success Rate
  • Merchant receives 100% face value from all collected checks
  • Priority, Electronic presentments clear before paper checks

Sample Report Status Summary


Reports :

  • Browser based reporting available online 24/7/365
  • Exportable to PDF, Excel, Word, and CSV Formats
  • Numerous filter and sort options on each report
  • Breakdown by location and division or report corporate-wide
  • Item activity reports
  • Collection ratios and statistics


Security :

  • User access can be limited to a single location or division
  • System administrator can control access and capabilities of each user
  • 128bit SSL encryption


Additional Services :

  • ATMverify – avoid bad checks by performing upfront verification
  • Consolidated returns – reduce bank fees and simplify collection and reporting
 
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