Central Bank of St. Louis
Accepting checks is essential to your business; however, with the customer convenience of accepting checks, comes the inherent risk to your business.
Americans write many checks to pay for goods and services and between 1-3 percent of those checks will bounce. If your business uses traditional collection methods, you may recover only 40 percent of funds from checks that have been returned due to non-sufficient funds (NSF).
Re$ubmitIt® recovery service utilizes proven RCK (electronic re-presentment) technology to help you collect more money from NSF checks, while you spend less time and resources on the collection process. With Re$ubmitIt®, bad check collection is no longer such a burden.