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NSFdeposit.comNSFdeposit.com
Centralized Returns
NSFdeposit.comNSFdeposit.comBusiness Opportunity
Centralized Returns Benefits guarantee companies, checks
returned faster. As a sales tool for reselling As part of a front-end RCK System for
potential clients. Eliminates low dollar clearing.
Internet Access What there? What can I do with it?
NSFdeposit.comNSFdeposit.comBusiness Challenges
Source: Bankrate Monitor Sept. 28, 2001
Increasing bank service fees for NSF checks
Delayed NSF check notification
Returned Checks Fees
NSF fees are rising steadily at 4.5%, costing on average between $21.00 - $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.
NSFdeposit.comNSFdeposit.comAbout Centralized
ReturnsWhat’s Needed
Special endorsement stamp
Instructs 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 Facts
The 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.
NSFdeposit.comNSFdeposit.com
How Does Centralized Returns Work?….
NSFdeposit.comNSFdeposit.com
Step by Step
Check is writtento the merchant and it gets endorsed.
FOR ACH
PROCESSING
Merchant receives check at the register
Merchant deposits check to his bank for payment
Check gets endorsed with Centralized Return stamp
NSFdeposit.comNSFdeposit.com
Merchant bank sends the check to the check writer’s bank for payment
Check is dishonored at the check writer’s bank.
Check writers bank re-directs checks to Centralized Returns Bank.
Step by Step (cont.)
NSF
NSFdeposit.comNSFdeposit.com
Paper checks are then sent to collection agency
Checks are imaged & posted on the web.
NSFdeposit.com Debits days worth of returned check from merchant account
NSFdeposit.com allows merchant or collection agency to view or download check images and MICR info.
Step by Step (cont.)
NSFdeposit.comNSFdeposit.comWhy Use Centralized
Returns?Benefit
s There is no training involved No expensive equipment necessary You can maintain your existing banking
relationship Does not slow check-out lanes Save on NSF banking fees or re-depositing
costs
Gain better control of your money
Clear returned checks faster
Customer friendly Integrated RCK and Centralized
Return System
NSFdeposit.comNSFdeposit.com
Unique endorsement stamp for your store
Increase checking writing privileges for your customers.
View the returned checks on-line …no waiting in the mail for NSF check statements
Guaranteed results.. No risks involved
Concise reporting on-line in real time
Features
NSFdeposit.comNSFdeposit.com
Internet Accessibility
Account with NSFdeposit.com
Internet Access
Access to all of your NSFdeposit.com transactions
What's Needed?
Computer
Unique Password (provided by NSFdeposit.com)
NSFdeposit.comNSFdeposit.comNavigation
System Main Menu
Navigation Menu
Important Messages
NSFdeposit.comNSFdeposit.com
User 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.
Main Menu Navigation
Click to Enter
Centralized Returns
NSFdeposit.comNSFdeposit.com
This is a test customer
Company Name and Number of Items Returned – Total number of returns
Daily Returns (Combined) – summary of daily returns within a given date
Daily Returns (by Stamp) – summary of daily items returned by stamp number within a given date
Search Centralized Returns – look-up for centralized return by account number and routing number
View Images – check image feature for all returns
Centralized Returns RCK (Combined) – entry to the RCK processing system within a given date
Centralized Returns RCK (by Stamp) – entry to returned transactions spanning all files received on a given date by stamp number
Centralized Returns RCK (by Stamp w/ Data Entry Mode) – entry to the RCK processing system within a given date by stamp with data entry
Main Menu – return to the system main menu
Left Hand Navigation
NSFdeposit.comNSFdeposit.com
Daily Returns CombinedSummary of returns by day
Click to view images
Click to view report and download report by stamp or
NSFdeposit.comNSFdeposit.comDaily Returns by
StampSummary by Day and Stamp
View and download report by Day/Stamp Number
NSFdeposit.comNSFdeposit.com
Check Image Online
View Images
View front and back of check
imageVerify check number
Confirm check amount and date
NSFdeposit.comNSFdeposit.comSearch Centralized Returns
Routing Number
Account Number
Check Number Sequence
Number Stamp Number Location
Number Start Date End Date
Search for Return by:
NSFdeposit.comNSFdeposit.comWhy 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.
NSFdeposit.comNSFdeposit.com
NSFdeposit.com, Where Good Things Happen to Bad
Checks.