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“Patriot Bank is pleased to offer the checXchange™ product to our business customers. It provides an effective and no-hassle way for our customers to collect funds from any returned checks they may have received. The best part is that the service is FREE, and does not cost our customers anything. By taking the collection process out of their hands, it saves the customer both time and money in the recovery process. The checXchange™ product is a valued service to our bank and our customers.”
Daryl B. Tatum
V.P., Operations
Patriot Bank
- 41 trillion dollars paid for goods and services every year
- Checks account for 33% of all non cash payments
- Over 30 billion checks are written annually
- 150 million NSF checks go uncollected each year - Avg. dollar value for uncollected checks increased by 8%
Maybe it was a mistake on the part of your customer, but it costs your business more than the face value of the check. checXchange the national leader in automated check recovery has the solution.
Your NSF checks are strategically represented using a proprietary model optimizing potential for collection...MORE
The checXchange™ proprietary
model strategically “re-presents”
your uncollected check and
optimizes potential for collection:
The number of non-cash payments per capita is higher in the United States than in other leading world economies mainly because of the more extensive use of checks.
Of the $41 trillion dollars paid for goods and services in the United States, checks account for over 33% of all non-cash payments. Over 30 billion checks are written annually. Although the number of checks written annually may have decreased slightly over the past few years, the dollar value of the checks written that go uncollected, has increased by 8%.
Greater than 150 million checks go uncollected every year.
Maybe it was a mistake on the part of the customer, but it costs your business more than the face value of the check. checXchange™ the national leader in automated check recovery has the solution.
- 41 trillion dollars paid for goods and services every year
