2 Business Opportunity Centralized Returns Internet Access Benefits guarantee companies, checks returned faster.As a sales tool for resellingAs part of a front-end RCK System for potential clients.Eliminates low dollar clearing.Internet AccessWhat there? What can I do with it?Today we will be discussing how to increase your profits by:Benefiting from Electronic Payment MethodsIncreasing your revenue potentialDecreasing your cost
3 Business Challenges Returned Checks Fees Increasing bank service fees for NSF checksDelayed NSF check notificationReturned Checks FeesNSF fees are rising steadily at 4.5%, costing on average between $ $24.75 per check.Average time is 7-10 business days before you know that the check bounced. Versus 3-5 business days with NSFdeposit.com.Source: Bankrate Monitor Sept. 28, 2001
4 About Centralized Returns What’s NeededSpecial endorsement stampInstructs check writers and/or merchants bank to return all dishonored checks to a third bank.Our bank will provide check imaging and a MICR file the same day checks are received.Important FactsThe merchant’s bank does not charge NSF Fees to the merchant for the bounced checks.Merchants can have access to check images and return reports on-line.
6 Step by Step Merchant receives check at the register Check is writtento the merchant and it gets endorsed.Check gets endorsed with Centralized Return stampMerchant deposits check to his bank for paymentFOR ACH PROCESSING
7 Step by Step (cont.)Merchant bank sends the check to the check writer’s bank for paymentCheck is dishonored at the check writer’s bank.Check writers bank re-directs checks to Centralized Returns Bank.NSF
8 Step by Step (cont.) Checks are imaged & posted on the web. Paper checks are then sent to collection agencyNSFdeposit.com Debits days worth of returned check from merchant accountNSFdeposit.com allows merchant or collection agency to view or download check images and MICR info.
9 Why Use Centralized Returns? BenefitsThere is no training involvedNo expensive equipment necessaryYou can maintain your existing banking relationshipDoes not slow check-out lanesSave on NSF banking fees or re-depositing costsClear returned checks fasterGain better control of your moneyCustomer friendlyIntegrated RCK and Centralized Return System
10 Features Increase checking writing privileges for your customers. Unique endorsement stamp for your storeIncrease checking writing privileges for your customers.View the returned checks on-line …no waiting in the mail for NSF check statementsGuaranteed results.. No risks involvedConcise reporting on-line in real time
11 Internet Accessibility Access to all of your NSFdeposit.com transactionsWhat's Needed?ComputerAccount with NSFdeposit.comUnique Password (provided by NSFdeposit.com)
12 NavigationSystem Main MenuImportant MessagesNavigation Menu
13 Main Menu NavigationUser Manager – Add, Change or Delete a user name or password.Search Transactions – look up a specific transaction.List uploaded files – view uploaded files.Results – view settled files.Combine Re-submit system – re-submit multiple files at once, in a single file.Daily Returns – view returned transactions spanning all files received on a given day or date range.View uploaded files – view or re-print a file previously uploaded.Customer System – look-up information or transaction data that your customer has processed.Fax Report – reprint reversal reports or billing faxed to you.Routing Number – look-up ABA/ Routing Numbers by name or ABA number.Click to EnterCentralized Returns
14 Company Name and Number of Items Returned – Total number of returns Daily Returns (Combined) – summary of daily returns within a given dateDaily Returns (by Stamp) – summary of daily items returned by stamp number within a given dateSearch Centralized Returns – look-up for centralized return by account number and routing numberView Images – check image feature for all returnsCentralized Returns RCK (Combined) – entry to the RCK processing system within a given dateCentralized Returns RCK (by Stamp) – entry to returned transactions spanning all files received on a given date by stamp numberCentralized Returns RCK (by Stamp w/ Data Entry Mode) – entry to the RCK processing system within a given date by stamp with data entryMain Menu – return to the system main menuLeft Hand NavigationThis is a test customer
15 Daily Returns Combined Summary of returns by dayClick to view report and download report by stamp orClick to view images
16 Daily Returns by Stamp Summary by Day and Stamp View and download report by Day/Stamp Number
17 View front and back of check image Confirm check amount and date View ImagesCheck Image OnlineView front and back of check imageVerify check numberConfirm check amount and date
18 Search Centralized Returns Search for Return by:Routing NumberAccount NumberCheck NumberSequence NumberStamp NumberLocation NumberStart DateEnd Date
19 Why Use Centralized Returns ? Returns are in your hands the same day the bank receives the checks back.3 to 5 days vs. 7 to 14 days via regular mail.Verification systems are updated sooner.Lower returns charges.No expensive software for you to buy.Accounting for returns made easier.Images are stored for you or your merchant and are available 24/7.
20 NSFdeposit.com, Where Good Things Happen to Bad Checks.