checXchange™ Check Recovery Service
There are probably many things you would rather be doing than chasing down a bad check. checXchange™ is a FREE check recovery service that will electronically collect up to 85% of your NSF checks at no charge … and you recover 100% of the face value of the check.
The number of non-cash payments per capita is higher in the United States than in other leading world economies mainly because of the more extensive use of checks.
Of the $41 trillion dollars paid for goods and services in the United States, checks account for over 33% of all non-cash payments. Over 30 billion checks are written annually. Although the number of checks written annually may have decreased slightly over the past few years, the dollar value of the checks written that go uncollected, has increased by 8%.
Greater than 150 million checks go uncollected every year.
Maybe it was a mistake on the part of the customer, but it costs your business more than the face value of the check. checXchange™ the national leader in automated check recovery has the solution.
checXchange™ is a FREE Service
- 80-85% recovery rate
- All returned checks are strategically represented using a proprietary model optimizing potential for collection
- Keeps your business customer out of the collection business
- Recovers 100% face value of check
- Significantly enhances rate of recovery
- Improves cash management by recovering funds faster
- Reduces internal staff time and expense of collection
- Provides 24/7 on-line real time access to all checks being processed by checXchange™
- Offers optional secondary collection service
Click here to view checXchange program overview (PDF)
Click here to view checXchange FAQ's (PDF)
Click here to view the checXchange application form (PDF)
For more information please contact NaVOBA checXchange representative Robert Portogallo at robert@vetbizprint.com or call 888-4-VET-BIZ.