Centralized Check Returns
Bank of Albuquerque's Centralized Check Returns service is designed to accelerate the processing cycle for deposited checks. Companies with multiple banking relationships can now receive all returned paper checks from one single source. Store, office, or location numbers may be captured, reported, and segregated if desired.
Benefits
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Eliminates the need to manage returned items from multiple sources, which in turn, allows quick, corrective action on returned checks and reduces associated fees.
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Quick access to return information allows for check verification systems to be updated faster, therefore, preventing your company from accepting bad checks from repeat perpetrators.
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Companies can choose options such as data capture, re-presentment, and return item notification via fax, phone, or Internet.
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