Won’t identifying exceptions prior to processing and posting reduce my fee income?
No. There is no impact on NSF or overdraft charges since these exceptions can only be identified through posting. Stop and related charges are not affected since you are still providing these services, just providing them in a slightly different way. There are new revenue opportunities created. You can: Offer more accurate intraday totals to accounts for a fee Provide different service quality levels to different account groups, charging a fee to provide the higher service levels Reduce customer turnover with more accurate account posting, one of the fastest ways to increase the growth of your bank in general and at essentially no additional cost. In addition to these new revenue opportunities you eliminate the risk of loss from these exceptions since you can return them the day received. Back to Top Back to Top For more information on how ELO can protect your customers from errors and fraud in their accounts, fill out the contact sheet below, then press the Submit button.
