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Non-Negotiated Checks
Failure Points
Return check managers coordinate returned check items across in-house operating centers, multiple collection
centers or outsourced relationships. Previous collection systems were not designed to specifically manage the
check collection process. First, and foremost, such systems lacked the ability to recognize the urgency that
checks require versus standard collection best practices. Time is an important factor, since checks become
significantly less collectable as they age.
Fusion provides a unified collection system that is time sensitive, coordinates skip-tracing applications,
presents the required state information and prepares those accounts for legal segmentation where warranted.
Operational Shift
Utilizing Fusion to collect bad checks offers a variety of insights for the bad check writer as well as those
charged with successfully carrying out the collection process and provides:
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- curriculums designed to educate collection personnel and check writers of the impact of delinquency as it translates to a bad check event
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- workflows to insure compliance standards are consistently maintained
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- work process across multiple centers, or personnel, on one host system
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- creates fast work process events which can occur while checks are re-deposited
Financial Benefits
Fusion provides a work center specifically designed for bad check collection that:
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- increases liquidation performance 5%-10%
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- decreases in cost to collect 10%-15% vs. traditional collection expenses
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- increases access time to available funds by deploying faster collection tactics
Business Benefits
Fusion empowers those responsible for check collection performance providing:
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- a collection culture for client-specific check products based on balance, volume and age
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- concise training applications which can be deployed across multiple centers encompassing all types of check dynamics
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- scheduled skip-tracing that coordinates related events and provides additional skip-tracing insight as it translates to the collection event
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- the ability to bring together multiple sources of skip-tracing information and analyze source performance as it translates to the specific collection effort
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