DPS has partnered with Check Alert Systems and several other key companies and associations to provide high quality, low cost, payment services.

Check Recovery

Check Alert Systems check recovery program is free.  Any checks that are collected are paid to you, 100%.  Check Alert will return a check to you for up to 5 days after receiving the check notice, return for criminal action at any time and also offers Attorney Services.

Check Verification

Dragon Payment Systems is a member of National Check Network (NCN), one of the most extensive databases in the market today. As large as the NCN database is, its most important feature is quality.  Top quality data ensures that you accept as many checks as possible for superior customer service.  Check data is updated daily by over 300 collection agencies.
 

Electronic Redeposit (RCK)

Dragon Payment Systems will electronically re-present eligible returned checks.  There is no fee for this service.  Electronic re-presentment increases likelihood of the check clearing.  Following are 2 options:

·         RCK with draft for fee:  If re-presented check clears, we create a draft (like a check) for the $25.00 fee.  Rebate may be available.

·         RCK with electronic fee recovery:  By requiring a signature at the point of sale, a customer is authorizing us to electronically debit their checking account for the $25.00 fee if the check bounces. Rebate may be available.
 

Centralized Bank Returns

With Centralized Bank Returns, all returned checks (NSF, account closed, uncollected funds, refer to maker) are forwarded to the Centralized Bank, instead of being sent back to the bank (s) where originally deposited.  The Centralized Bank then sends electronic images of these returned checks directly to Dragon Payment Systems, or Check Alert Systems, if you elect not to redeposit.  Acknowledgements of these checks are sent to you and then processed per your instruction. In most cases we can reduce your return check fees by half.
 

• POS Conversion – practical solution for all merchants who accept paper checks at the point of sale. POS Check Conversion Service offers your business a variety of benefits that includes lower check processing costs, reduced check acceptance risk, and increases incremental revenue. Because the POS Check Conversion Service uses imaging technology and Check 21 processes, virtually all personal and business checks are eligible for conversion-immediately.
   

• Back Office Conversion (BOC) – A Back Office Conversion system designed to quickly process any type of check payments electronically.  Instead of an expensive and maintenance prone image scanner at every check-out lane, all checks are scanned in the back office by one high speed image scanner attached to a standard personal computer.  All files submitted can be tracked via our integrated web interface.  Updates are available each day to facilitate reconciliation, and funds are Electronically Deposited to the accounts you specify.  When returns occur, Electronic Redeposit’s (RCK) can be setup to automatically occur and data can be used to update check verification files. While traditional check conversion is limited to personal consumer checks and business checks, BOC can accept all types of U.S. issued checks; personal, business, travelers, money orders, cashiers, and payroll checks.
   

• FaxTellerPlus™ - You can continue to accept your customer’s check payments as usual. Just change the way you deposit your checks. FAXTellerPLUS™ is a brand new way for businesses with low check volume, 30 checks per day or less, to fax and convert paper check payments into electronic deposits. No equipment to purchase. Reduce bank visits, and extend deposit deadlines.

Now offering On-Demand Payment Processing.
Now you can pay and be paid faster, easier and more efficiently than even before.

On-Demand Processing let’s you:

• Set up automatic recurring billing for your customers to maximize cash flow and boost retention.
• Consolidate all your banking and payments in one place, accessible from any computer.
• Interface with other business/management software for a single, fluid solution.
• Create, send and manage professional newsletters and emails to your customers.
• Pay your vendors or employees automatically: no checks, postage or late fees.

Key Features:

• On Demand Access
• No Software or Terminals
• No IT Required
• Direct ACH Processing
• Credit Card Processing
• Recurring Payments
• Remote Deposit (Check21)
• Web Payments
• Phone Payments
• User Access Controls
• Free Updates