JUSTCHEX automates returned check processing for Super A Foods

Online returned check solution provides acceptance verification and processing of all returned checks for improved financial return and higher operational efficiency - without client investment

Oxnard, CA, April 12, 2004 - JUSTCHEX, LLC, ("JU$TCHEX") the provider of automated online check recovery solutions (http://justchex.net) announced that it is now providing acceptance verification and returned check processing for all Super A Foods locations. The solution includes the consolidation of all checks for a central processing which is a key factor to accomplishing a full level of automation.

"After thoroughly testing the JU$TCHEX solution we have confirmed that it provides the features and functions we need for an effective bad check solution for our super markets. We are now automated throughout the process from verification when we accept a check to full electronic, and secondary collections, and DA forwarding all through JU$TCHEX ," says Dave Rann, VP of Operations for Super A Foods.

The process of improved efficiency starts at the register with JU$TCHEX verification reporting tied to the client´s negative file database. Accepted 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. This consolidation process takes days out of the time it normally takes to start the processing of returned checks. The functionality of the site then processes those checks from end to end including secondary collections.

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 transactions in real-time. The result is that the lag time between the check being paid and the results being reflected in the client negative file database is eliminated. This prompt delivery of important up to the moment data can save customers needless embarrassment at the point of purchase. There is no cost to the JU$CHEX client for the negative file processing and reporting. The site supports a number of popular negative file formats.

"We are pleased to be are working with Super A Foods to meet their goals for returned check automation and customer service," says Richard McShirley, Director of Business Development for JU$TCHEX.

The site offers a greater financial return to the client because the automation greatly lowers the cost of processing these checks. Online funds verification which has real-time access to over 200 million draftable accounts 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$TCHEX is an IBM business partner that provides online end-to-end processing solutions for returned checks. The solutions can be delivered in automated or do-it-yourself formats. There are no charges or fee for a client to initiate the JU$TCHEX service. 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 is a registered service mark 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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