CHECK RECOVERY

VeriChek utilizes the latest advances in computer function and speed. We carefully designed our operating software to handle the high volume demands of check collection. VeriChek uses state-of-the-art knowledge based software running on a Pentium based computer. Check information stored in our database is used to determine an authorization or decline.

VeriChek offers a full-time professional collection staff. Our collectors are continually training to upgrade their collection knowledge. This insures prompt collection of bad checks and a reduced number of uncollectable checks.

ELECTRONIC COLLECTIONS

ChekXpress is our hybrid check conversion process. You receive a self-inking stamp with the following statement:

"I agree that my account will be debited electronically for both face amount and returned check fees if returned unpaid. Initials:_________"

There is a one-time cost of $15 for the set-up and the self-inking stamp.

We also offer check conversion. Please see the full discussion of these two programs before forming any further opinion.

WHEN ARE WE DONE?

After we've exhausted every effort... and then some. After we've completed all personal attempts to collect, we will file a criminal case for you, if allowed. If your area will not allow this, we will provide you with everything you need (including a certified receipt) to file the case.

After that? VeriChek's files remain active as long as legally permissible. This protects you in the future and continually urges (with declines) the customer to satisfy his debt.

VERIFICATION

Many times, a decline is based on negative information. VeriChek does not stop where other companies may. If there is an individual who is writing many checks in a short amount of time, you will receive a warning with the parameters of concern. Black/White decisions will prevent some check loss. Knowledge based decisions will prevent a wider array of check loss while being inoffensive to your active customers. These decisions lead to a much lower percentage of bad check loss. VeriChek's verification is a true on-line system, with a single database.

Our software has the ability to verify against a negative database by Drivers License or ID Number, Personal Bank Account Number, Military ID, Social Security Number, or Payroll Account Number.

Flexibility and an uncanny ability to save you money before receiving negative information are great... but what about SPEED?

Depending on the area and type of equipment used, you will receive an electronic verification in 6 to 15 seconds. Most of that time is spent in dialing, transmitting, and receiving. The actual verification is processed in less than half of one second.

HEADACHE PREVENTION

Our self-proclaimed job requirements do not stop with the basics. Clients contract with collection agencies to free themselves from check problems. For some reason unknown to us, most agencies seem to think that this does not include Closed Accounts, Stop Payments, and Forgeries. If needed, VeriChek will obtain an Affidavit of Forgery whenever possible and file a case with the police in the areas we are allowed. We will provide you with the signed affidavits and/or copies of all paperwork filed.