New Technology Revolutionizes Check Collection

April 22nd, 2014
New Technology Revolutionizes Check Collection Bad checks are a growing problem in the US economy. According to a 2001 study conducted by Global Concepts for the Federal Reserve, an estimated 300 million checks bounce per year, costing retailers over $200 billion. Until recently, merchants had limited options for check collection: They could take the check and pray it didn't bounce; they could have a cash only policy and leave potential money on the table; they could use a service such as ...
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