Are bad checks automatically re-deposited and how does WorkPlace Methodssm APS improve this practice?
APS makes the right information available so that second returned check bank charges can be avoided. Because approximately 30% of the bad checks that are automatically re-deposited can be returned, APS offers a way to review them after they bounce once, resulting in substantial benefits. A $1 billion retailer can reduce the number of bad checks that are automatically re-deposited by 25% using APS. Additional savings can be obtained by starting the collection processes 5 to 7 days sooner.
Related Questions
- How does WorkPlace Methodssm APS provide store associates with easy access to current bad check information at the time they need it (to decide to accept or reject a check that has been denied at the point of sale)?
- Can WorkPlace Methodssm APS help tie together bad check, EFT charge backs, shoplifting, accidents, merchandise returns and employee status histories to the employee applicant screening process?
- Are bad checks automatically re-deposited and how does WorkPlace Methodssm APS improve this practice?
