centralized returns

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.


How Does Centralized Returns Work?….


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


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


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


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


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


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


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


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


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.com, Where Good Things Happen to Bad

Checks.

centralized returns

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