CybrCollect

Recently the National Automated Clearing House Association (NACHA) passed a new rule that allows NSF checks to be recovered electronically.  This new form of collection revolutionizes NSF check recovery for Merchants, Government Agencies, Utilities, and any other business that receives paper checks.

Electronic Check Re-presentment is a new process for recovering NSF checks by converting the check into an electronic transaction and debiting the customer's account for the amount of the check and the service fee.

United Bank Card is an Authorized CybrCollect Agent.  With the CybrCollect program, you will never have to spend your time or money collecting NSF checks again!  Our program is FREE to all retail (face-to-face) merchants.
 

Key Advantages

•  No set-up fee
•  No statement fee
•  No monthly minimum
•  No long term contract
•  No limit on number of checks
•  No special equipment needed

Benefits to the Merchant

•  75% to 85% collection rate on NSF checks.
•  Merchant receives 100% of face amount of collected NSF checks!
•  Collected funds are paid daily.
•  Activity reports are emailed or faxed daily, -or- mailed weekly.
•  Free web-based reporting, including images of the the bad checks!
•  Out of town checks are handled as easily as local checks.
•  CybrCollect provides you with more time to manage your business.
•  It eliminates additional check re-presentment fees charged to       merchant.
•  No long term contract to sign.
•  No fees at all!  It's FREE!!

Benefits to the Check Writer

•  No embarrassing phone calls from the merchant.
•  The check writer does not come to our office to settle.
•  The entire re-presentment process is handled behind the scenes, between CybrCollect and the check writer's bank.

How the Process Works

1. Merchant signs bank release form notifying their bank to mail all returned checks to our local processing center.
2. Signage is posted at the point-of-sale to notify the customers that their bank accounts will be electronically debited for the NSF check as well as the State allowed service fee.

3. You deposit all checks the way you normally do.  Your Bank mails any returned checks directly to our processing center.  Once there, the checks are converted to an electronic transaction and transmitted that day to the ACH network.

4. Checks that are NSF after the first re-presentment will be sent through a second time, after funds availability has been determined.  (Note: NSF checks may be re-presented two times electronically.)

5. You are paid daily on all NSF checks recovered electronically.

6. Activity reports are emailed or faxed daily, or mailed weekly, to keep you updated on the status of all your checks.

7. Checks not collected electronically are sent a demand letter from CybrCollect and then forwarded on to secondary collections, 30 days later.  Upon collection we will send you 100% of check amount.  (Most of our competitors charge 25% - 50% of the check amount for this added service.)

Click Here to Sign Up for CybrCollect!

Or Click Here to request more information.