Collect-it

In today’s competitive banking environment, we know banks are looking for non-interest fee income without additional expenses. Collect-it gives your merchant the answer to a known problem, returned check recovery. With Collect-it, PAYTEK will automatically RCK eligible NSF items on behalf of your merchants and perform traditional or legal recovery on all other items. Our ability to always share 100% of the face value collected with our merchant is what makes PAYTEK so unique. Collect-it will differentiate your bank while increasing retention with your merchants. At PAYTEK, we do all the work while you benefit from a share in the revenue. Because Collect-it is a free program offering for your merchant, the merchant and the bank benefit from a partnership with PAYTEK.

Benefits to the Bank:

• Generate new, non-interest fee income without effort

• All collected service fees are shared with the bank

• Value added solution to help your customers with a known problem

• Another form of “stickiness” improving customer retention within your bank

• Stay competitive with other banks by offering our services