Centralized Returns

PAYTEK’s Centralized Returns program can reduce the returned item fees charged by your bank by as much as 80%.  Simply endorse the check with the Centralized Returns deposit stamp or have your cash register frank the check prior to deposit.  If the check is returned from the consumer’s bank, the Federal Reserve will reroute the item to us for processing as opposed to sending it back to your bank.  Consequently, your bank will never see the returned item, thus avoiding costly fees.  24/7 Online Reporting with full accounting and check images are included with this service.

Benefits

• Reduce costly returned check fees

• Increase available operating funds

• No extra hardware to purchase

• No special employee training

• Online viewing of returned checks

• Returned checks are available for collections sooner

• Returned checks are posted quicker to negative databases