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FARS (Federal Automated Recovery System) is the extensive program developed by IBG to recover dishonored checks. This program has been used by IBG customers for over 6 years and results in the collection of over 75% of dishonored checks within 5-7 business days and another 10% within the next 30 business days.
FARS returns 100% of the face amount of all collected NSF checks to the merchant. FARS does not charge the merchant any fee for the electronic recovery of NSF checks, but earns its income from the state mandated service fee charged to the writer of the dishonored check.
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No transaction charge
No redeposit fees
No monthly minimums
No monthly charges
No hassle. We do the work.
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No collection calls to make.
No letters to write.
No special, costly equipment
No loss of clients |
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