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Overview
Challenges of Payment and Deposit Risk
Checks remain the most-used medium for payment of credit card debt. Unfortunately, too many times checks are not honored by the bank upon presentment because of insufficient funds, no account, payment stopped, closed account or fraudulent activity.
How do banks set payment and deposit policies that continue to grow their portfolios while minimizing losses? Using a low risk approach leaves the balance restricted and can give the perception of poor service. On the other hand, policies using a high risk approach make line available immediately to a larger customer base, increasing customer satisfaction but opening your company up to greater losses.
Learn about NSFGuard's innovative approach »
Interested in hearing more?
Contact Austin Logistics for more information.
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Resources
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