CheckVelocity’s payment platform is built around the specific needs of utility companies. PayNow! automates the transaction process allowing you to accept checks, credit and debit cards, via phone, Web or in person at the point of sale. RecoveryNow! virtually eliminates returned checks by verifying funds are available and collecting bounced checks through strategic re-presentment. PayNow! and RecoveryNow! have proven to optimize utility providers’  A/R platforms by decreasing transaction fees as much as 50% and more than doubling recovery on NSF items.

More Customer Payment Options

Most utility providers use more than one company to process their payments. PayNow! allows you to process checks, credit and debit cards, via phone, Web or in person at the point of sale and at a lower cost. PayNow! offers pin-less debit technology that reduces transaction costs up to 50%.

Virtually Eliminating Returned Checks

Returned checks are a common problem for most utility providers. RecoveryNow! virtually eliminates bounced checks by verifying payments instantly over the phone, Web or in person at the point of sale. Less than 1% of verified checks bounce, and when they do RecoveryNow! collects them through check re-presentment. Checks are re-submitted through the check writer's bank account during strategic time frames where funds are proven to be available. Once collected, 100% of the check’s face value is returned to you at no cost.

Getting Started with CheckVelocity is Easy

There are no hidden costs, no equipment to purchase or lease and CheckVelocity seamlessly integrates with your accounting system. Our experience in the utilities industry allows us to easily adapt with your internal procedures to ensure a smooth transition.

Benefits

• Fewer Customers Experience Service Interruptions
• Increased Collection Rates by 50%
• Freedom to Manage Your Payment Processing Through One Company
• Program Specifically Designed for Utility Service Providers
• Customers Pay Automatically Through Your Web Site
• Returned Checks Are Electronically Re-presented in the Same Billing Cycle