JUSTCHEX Mobile Phone Check Verification Breaks Barriers

The new chexmessagingSM service works with the text messaging function on any mobile phone without any required software or equipment to instantly verify funds and check writer history

Oxnard, CA; August 30, 2004 - JUSTCHEX, LLC, ("JU$TCHEX") the technology leader in online processing of returned checks for payment, announced today that it is now providing wireless access (http://chexmessaging.com) to funds verification services delivered through the text messaging functions found on the most common mobile phones. This patent pending business solution is being offered nationally.

"All that´s required is that a mobile phone is registered on our web site, that´s it, no specific model of phone and no software", according to Richard McShirley of JU$TCHEX. "We have no limit to how many phones a client can register and the online reporting comes listed by phone instantaneously to manage compliance."

ChexmessagingSM is available to clients of JU$TCHEX, as well as the clients of any other check recovery or collections company. Clients that are not interested in changing their existing check recovery provider are not required to do so to enjoy the front-end loss prevention that chexmessagingSM offers.

Checks written against closed accounts or from repeat offenders are by far the most difficult to collect. In most delivery and other mobile businesses they can amount to 25-30% of the overall returns. As a direct benefit to weeding out these "worst" checks clients should significantly improve their overall collection rates, with less time and effort.

The service inquires in real-time about the status of personal, business, or payroll checks. The client enters the routing and account number on the key pad of their phone and within seconds the system queries combined databases that include up to 200 million check writer accounts and replies with a result.

When the system receives a message from a registered number their message request is processed and the result is returned to their phone screen. There is a small service fee per response. The system replies include "YES" for an open, funded account; "NO" for a closed account, repeat offender or a negative balance account. Details of all responses are also instantly added to the client´s reporting list on the web site as a cross reference.

Valued-added functionality includes velocity control. This limits how many checks a client will accept from the same checking account in a client-defined period of time. Reason codes associated with "NO" responses enable a client to decide if all "NO" responses are not to be accepted. As an example "NO (N)" indicates outstanding non-sufficient funds check in the database.

The company plans to add a check guarantee service utilizing chexmessagingSM in the fourth quarter of this year.

About JU$TCHEX

JU$TCHEX is an IBM business partner that provides mobile and fixed loss prevention, electronic recovery and collections. JU$TCHEX provides service to thousands of client locations. Service models and functionality are available to meet the needs of small, franchise, mid-market and enterprise clients. JU$TCHEX has positioned itself as a leader by listening carefully, thinking ahead, and moving with purpose to provide clients with access to the best solutions. JU$TCHEX, and chexmessagingSM are registered service marks of JUSTCHEX, LLC.

For more information please visit http://transmodus.net, or call us at 805-604-4472.

Contact: press@transmodus.net

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