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Centralized Returns. Business 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

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Presentation Transcript
business opportunity
Business Opportunity
  • CentralizedReturns

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?

business challenges

Returned Checks Fees

Increasing bank service fees for NSF checks

  • NSF fees are rising steadily at 4.5%, costing on average between $21.00 - $24.75 per check.

Delayed NSF check notification

  • Average time is 7-10 business days before you know that the check bounced. Versus 3-5 business days with NSFdeposit.com.

Source: Bankrate Monitor Sept. 28, 2001

Business Challenges
about centralized returns
About Centralized Returns

What’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.

step by step


Step by Step
  • Merchant receives check at the register

Check is written

to the merchant and it gets endorsed.

  • Check gets endorsed with Centralized Return stamp
  • Merchant deposits check to his bank for payment
step by step cont


Step by Step (cont.)
  • 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 cont1
Step by Step (cont.)
  • Checks are imaged & posted on the web.
  • Paper checks are then sent to collection agency
  • 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.
why use centralized returns
Why Use Centralized Returns?


  • 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
  • Clear returned checks faster
  • Gain better control of your money
  • Customer friendly
  • Integrated RCK and Centralized Return System

Increase checking writing privileges for your customers.

  • Unique endorsement stamp for your store
  • 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
internet accessibility
Internet Accessibility

Internet Access

Account with NSFdeposit.com

Access to all of your NSFdeposit.com transactions

What's Needed?


Unique Password (provided by NSFdeposit.com)


Important Messages


System Main Menu

Navigation Menu

main menu navigation

Click to Enter

Centralized Returns

Main Menu Navigation
  • 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.

Left Hand Navigation

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
daily returns combined
Daily Returns Combined

Summary of returns by day

Click to view report and download report by stamp or

Click to view images

daily returns by stamp
Daily Returns by Stamp

Summary by Day and Stamp

View and download report by Day/Stamp Number

check image online

View front and back of check image

  • Verify check number
  • Confirm check amount and date
Check Image Online

View Images

search centralized returns
Search Centralized Returns

Search for Return by:

  • Routing Number
  • Account Number
  • Check Number
  • Sequence Number
  • Stamp Number
  • Location Number
  • Start Date
  • End Date
why use centralized returns1
Why 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.