Clearwater, Florida – Money Transfer Systems, Inc. is very pleased and excited to announce the launch of checXchange Mobile™, a revolutionary new, “first to market” Mobile App that will significantly improve the NSF check recovery process for small and mid-sized business owners. The checXchange Mobile™ App is now available for download in the Apple App Store and on Google Play.
Money Transfer Systems, Inc.has developed checXchange Mobile™ using the same safe, proven Remote Deposit Capture (RDC) technology that is utilized today in Mobile Banking. The difference here is that users can simply snap an image of both sides of all returned NSF checks which they receive and then tap send in order to transmit them in a secure environment to the Money Transfer Systems processing center for recovery.
The checXchange Mobile™ App is free to download and there is NO COST to the user for the service. Using our proprietary, strategic processof automatic, electronic re-presentment and recovery, we consistently achieve an industry leading 75.6% average recovery rate on these items. We return 100% of all of the recovered funds directly to the user and most all recoveries occur within a 7 to 14 day window. In addition, comprehensive “real-time” reporting is available 24-7 on all submissions for each user.
If a business accepts paper checks as a form of payment and receives even one returned NSF check, it is worth their time to download and use this App. checXchange Mobile™ will not only will replace their own NSF check collection efforts at NO COST, but also increase their cash flow and profitability in the process, by increasing the recovery success rate by 3 to 5 times over in-house efforts. Enrollment and set-up are fast and simple on any iPhone, iPad or Android device.
Money Transfer Systems Inc. is a successful industry leader in electronic check re-presentment and recovery services with a track record of over nine years in the business. Our client list today includes over 150 banks and we recover over $100 million dollars in funds for our clients each year.
Watch the checXchange Mobile™ Explainer Video:
Video Link: http://www.youtube.com/embed/vZZjhKIzejs