JU$TCHEX provides Superior Super Warehouse with automated processing of returned checks

Online solution provides the largest independently-owned chain of grocery super centers in Southern California with improved financial return and higher operational efficiency - without investment

Oxnard, CA, January 7, 2004 - JUSTCHEX, LLC, ("JU$TCHEX") the provider of online check recovery solutions (http://justchex.net) announced that it is now providing automated processing for all Superior Super Warehouse locations. The solution provides for the end-to-end processing of all returned checks for the grocery store chain.

"The functionality and effective performance of the online solution prompted us to move up our plan for deployment by several months. We are getting better financial returns and our collections, IT and accounting departments all benefit from the improvements we have seen in data integrity and reporting," says Cris Nunez of Superior Super Centers, parent company of Superior Super Warehouse.

Since the cost of processing is lower, the transaction fee is lower when compared to conventional check recovery or check guarantee methods. The process of improved efficiency starts when the checks are originally deposited into the depository accounts of the market. The checks are endorsed with a special instruction that routes any returned checks into a central account. Once in that account the returned checks are converted into an indexed data file that is imported into the processing database of the justchex.net online service. The functionality of the site then processes those checks from end to end including secondary collections. This automated and inclusive processing avoids the added manual cost that devalues the checks that are paid.

The set-up and processing of the negative file to manage check acceptance at the point of purchase is an integrated part of the web site. Updates to the negative files are triggered by the transactions as they happen. The result is that the lag time between the check being paid and the results being reflected in that file are eliminated. This prompt delivery of important data can save customers who are paid up any needless embarrassment at the point of purchase. There is no cost to the JU$TCHEX client for the negative file processing and reporting. The site supports a number of popular negative file formats.

"Superior Super Warehouse was among our first grocery chain clients. Their input has been most valuable. Our collaboration has resulted in them getting the next level of service and results when processing returned checks," says Richard McShirley, Director of Business Development for JU$TCHEX.

From the client perspective the process can be as simple as stamping their checks for deposit and then comparing their payment reports to their bank statements. The site offers a greater financial return to the client because the automation greatly lowers the cost of processing these checks. Online funds verification avoids making presentments to accounts with no available funds. Clients enjoy the labor-free benefits of an outsourced solution without the normal fees charged by more labor-intensive collection services. The transaction fees charged for our service are deducted from state fees collected. There is never a deduction from the face value of the check.

About JU$TCHEX

JU$TCHEX is an IBM business partner that provides online end-to-end processing solutions for returned checks. Merchant registration for JU$TCHEX is free and can handle clients with one or thousands of locations. 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.

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

Contact: press@transmodus.net

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