CheckSurance™ Self Insured combines the convenience of electronic check depositing with the benefit of managed collections to provide businesses with simpler, safer check acceptance and pain free automated collection of returned items.

Benefits of CheckSurance™ Self Insured

• CheckSurance™ Self Insured allows you to electronically deposit any type of check (consumer, business, government, travelers, money order). Basic electronic check conversion will process only consumer checks.
• CheckSurance™ Self Insured process verifies each check against a nationwide database of bad check writers to reduce your chance of accepting a bad check.
• The CheckSurance™ Self Insured 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™ Self Insured Works

• Checks received at the point of sale or in the mail are scanned through a check scanner connected to the internet. Our 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™ Self Insured 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 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 amount collected on returned checks through this “hard collection” process.

*For approved businesses

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