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Consolidated Returns (RCC)

 

Additional Information

       
   

Offering A Comprehensive Approach to Consolidated Returns
With Solutran's Consolidated Returns (RCC) service, you can consolidate all returned checks into one bank account to reduce costs, increase efficiencies, and maintain your depository relationships. Returns are communicated up to six days earlier, translating to accelerated negative database updates and faster recovery of NSF items. This closes the window of opportunity for a bad check writer to continue writing checks.


Outstanding Features and Benefits
Solutran's Consolidated Returns service offers many features and benefits, including partial or full data capturing, customized reporting, next day online reporting of returned data, and imaging and image delivery. With Solutran's Consolidated Returns service, you'll experience:


Rapid Returns
Returned checks come back directly to Solutran rather than the bank of first deposit. This allows for data file transmissions and negative file updates of all return check information from a single source.

                                                                           
Cost Savings
Channeling most or all returned checks into a single source dramatically reduces banking fees.

                                                                                      
Streamlined Returns Process
Consolidated Returns decreases or eliminates the logistical problems of tracking, monitoring, and managing returned checks from multiple locations. And Consolidated Returns' fast and simple startup can be with little change to your current process. Point-of-sale procedures and depository relationships typically remain unchanged.

                                                                                    
Higher Compliancy Rates
Using our Consolidated Returns services, Solutran clients experience an average compliancy rate of 90 percent. We offer non-compliant bank monitoring and lockbox handling and processing of non-compliant items.


Accurate
You can be confident that Solutran understands the complexity of handling individual services tailored to your specific needs. An experienced, detail-oriented support team manages each account, providing high-quality service and thorough attention, ensuring that unique, individualized services are delivered.


Returns Versatility
Consolidated Returns can also be used in conjunction with our Re-Presented Check Entry (RCK) service, which enables you to recover on NSF checks electronically via the Automated Clearing House (ACH). Levels and options of service include:



Consolidated Only — Solutran receives all returned checks and forwards to client's requested location

Consolidated and RCK — Consolidated returned checks are received; Solutran conducts RCK processing

Consolidated RCK and Service fee Recovery Consolidated returned checks are received; Solutran conducts RCK processing and initiates service fee recovery on behalf of client.

  - Consolidated Returns (RCC)

- Re-Presented Check Entry (RCK)

- Service Fee Recovery

- Data Capturing

- Digital Imaging



 

Sample Reports

To request a sample report, or for more information, please email solutions@solutran.com or your sales representative.

 

 
     
       

 

     
       

 

     
 
       
       
       
   
       
       
       
       
 
 
   

Phone: 763.559.2225     Fax: 763.559.8872     Email: solutions@solutran.com

 
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