CheckSurance™ PLUS combines the convenience of electronic check depositing with the benefits of managed collections to provide businesses with simpler, safer check acceptance. Losses are limited to a pre-approved percentage of total dollars deposited. This percentage is determined during underwriting and risk analysis.

Benefits of CheckSurance™ PLUS

• FREE CheckSurance™ Scanner* enables electronic depositing of checks.
• CheckSurance™ Scanner allows you to deposit any type of check (consumer, business, government, travelers, money order). Basic electronic check conversion will process only consumer checks.
• The CheckSurance™ PLUS process verifies each check against a nationwide database of bad check writers to reduce your chance of accepting a bad check.
• Accept out of state and out of town checks with confidence.
• Accepting more checks equals more sales and Improved cash flow.
• Remote Deposit reduces the time spent on preparing and reconciling deposits, and reduces or eliminates trips to the bank.
• CheckSurance™ provides online reporting, including of collection results.

How CheckSurance™ PLUS Works

• Checks received at the point of sale or in the mail are scanned through a check scanner connected to the internet. Our FREE scanners range from a simple scanner attached to your computer or credit card machine to a microTELLER™ multi-function check imager (for any check)/credit card machine.
• Check information (images and/or account data) is transmitted for processing.
• Checks processed are electronically debited from your customer’s account and available in your bank account within 48 hours.

• Any checks that are returned are routed to our processing center for redeposit and/or hard collection

CheckSurance™ PLUS’s automated collection service provides these benefits:

• We receive returned items. You avoid bounce charges from your bank.
• We resubmit returned items electronically. You do not need to track down the checkwriter or to resubmit a paper check.
• We resubmit consumer checks electronically two times. These electronic resubmissions usually collect more than 50% of returned items. You receive 100% of the face value of checks collected through electronic resubmission.
• We contact the writers of checks that were not collected electronically. We send them a series of collections notices and if necessary place the item with our in-house collection department for phone calls, skip tracing and ultimately legal recovery. You need do nothing. You receive 100% of the amounts collected on returned checks through this “hard collection” process.
• With CheckSurance™ PLUS, your losses, after redepositing and hard collection, are limited to an agreed upon percentage of the dollar value of all checks deposited. For example: Your CheckSurance™ PLUS percentage is 1%. You deposited $1000 in checks. Three checks bounced, and after all collection efforts, $60 remained unpaid. But your loss would be only the agreed upon $10 (1%) and you would be reimbursed $50.

Go to CheckSurance™ Self-Insured and compare

Go to CheckSurance™ Unlimited and compare

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