Traditional Recovery
Traditional Recovery tools are uniquely designed to enhance recovery and reduce returned check write-off. Payliance is the only authorized recovery company to utilize an exclusive “peek” service that allows us to look into the customer’s account to verify funds. This process allows up to eight attempts to verify that funds are in the account before processing the debit. All unrecovered items are reported to the two largest public verification databases and to each major credit bureau repositories — all part of our approach to employing the most innovative processes in the industry and maximize your payments recovery.
How does it work?
- You authorize all returned checks be forwarded to Payliance for recovery
- Payliance initiates collection efforts
- You are paid 100 percent of the collected check amount
- Checks are reported to all major credit bureaus and the largest public verification databases
Benefits:
- Reduction of returned check write off
- Advanced methods to locate check writer
- Multiple payment methods
- Peek with up to 8 re-presentments
- FDCPA certified recovery efforts
- Reporting is available online 24/7
- Optional legal recovery