Non-Sufficient Funds Check Recovery
Sourcing Office has established a check recovery program exclusively for our members with the national leader in automated check recovery—checXchange™. This program is an automated, highly effective service.
This service is free, and you will receive 100% of the face value of every return item collected by checXchange™ on your behalf. This process dramatically reduces the need for traditional collection methods and is fully managed by checXchange™. If you chose to cancel the service, you may do so at any time without penalty. This relationship has no term, or cost to you, and is completely performance-based.
z It is a FREE service.
z Enables the use of an already procured program.
z Keeps your organization out of the collection business.
z Handles returned checks automatically.
z Recovers 100% of the face value of the check.
z Enhances collection Rate of Recovery significantly to 75%-80%.
z Improves cash management by recovering your money faster.
z Saves you time – your company does not have to spend time chasing down bad checks.
z Provides 24/7 real-time, on-line access to all checks being collected by checXchange™.
To learn more about the Sourcing Office procurement process for the NSF Check Recovery program, please click here.