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Dep@sit
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Check Collect Recovery Services
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Enterprise Payment Solutions

Enterprise Payment Solutions-expand your target market and create incremental sales by providing customers a complete offering of electronic payment options

A significant enhancement to check processing is the ability to do it remotely. Remote Deposit Capture is the market’s most comprehensive electronic check processing solution. It gives your customers on-site Check 21 capability, making for more convenient deposits and better cash flow. It is also a great way to “add a branch office” without brick and mortar. Click here to see an educational video on Remote Deposit Capture.  ACH/Check Conversion Services, another module in payment solutions, uses the ACH system for clearing checks a lot faster than processing paper checks and over-the-counter deposits. ProfitStars® provides a great solution for NSF checks as well. Check Collect Recovery Services is attractive to financial institutions because it creates an additional source of revenue. This no-risk solution costs nothing for the financial institutions’ commercial customers since the program is subsidized by the bad check-writer. ProfitStars also provides RemitPlus a solution for financial institutions considering lockbox/remittance processing.

Here is one example of how ProfitStars has partnered with clients to implement in-house processing:

We were bringing our lockbox operations in-house; and frankly, we were dreading it.   Long hours of training, hiring new personnel, expensive equipment, high maintenance fees – we expected all of this and more.   After 1 ½ years of in-house processing with our RemitPlus system, we couldn’t be happier.   This system is easy-to-learn and easy-to-use; we were up and running in a few days and we didn’t need to hire new personnel.   No expensive equipment or high maintenance fees-RemitPlus offered us competitive pricing and economical solutions that have afforded us substantial savings over our third-party lockbox provider.”

 


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