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Press Releases
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JUSTCHEX Adds ARC Returns Processing
The addition of ARC returns processing extends online solution provider capabilities for verification, electronic recovery and collections
Oxnard, CA; October 25, 2004 - JUSTCHEX, LLC, ("JU$TCHEX") the
leader in online processing of returned checks and ACH transactions
for payment is now processing Accounts Receivable Conversion (ARC)
returns for clients utilizing the JU$TCHEX Internet-based solution (http://justchex.net).
This service is provided to JU$TCHEX clients and processing partners
that either process ARC transactions exclusively as well as those
that have a mixture of paper and electronic processing needs.
Information made public by the Federal Reserve confirms a surging
increase in the popularity of ARC conversion by retail lockbox
providers. Recently, it was reported by NACHA that ARC was on track
for 1 billion payments this year, up from 220 million in 2003, and
that they expect continued strong growth in 2005.
"By providing our service online via our online technology platform
we are in position to more rapidly offer clients solutions that keep
pace with a rapidly changing transaction environment," according to
Richard McShirley of JU$TCHEX, "our clients have a single processing
solution that provides the reporting and status of all returned
transactions at their finger tips."
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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