Consolidated Returns

Consolidated Returns routes returned checks electronically directly from the Federal Reserve to Payliance. This results in checks being received 4-6 days faster than by regular mail, and because all un-cleared items return to Payliance and not your financial institution, eliminating return fees.

How does the consolidated returns service work?

• A special endorsement is placed on the back of the check before deposit
• All checks are endorsed and deposited
• Checks that “bounce” at the Federal Reserve are sent directly to Payliance
• Checks are entered into the Payliance system and recovery begins
• Payliance debits you for the face and our returned item fee

Benefits of consolidated returns from Payliance

• Eliminates bounce fees from your financial institution
• Items are received 4-6 days faster than traditional paper routing
• Reduces multiple returned items from your customer

Contact Payliance today

Return from Consolidated Returns to Payliance home