Check Collection Software

For agencies working in the check recovery market, Bloodhound provides the best check collection software available in the industry for processing checks efficiently.

Check imaging is the cornerstone of our check collection software package. Using a single-pass check scanner, the check collection software will capture an image of the front and back of the check, as well as read the MICR information. These images can then be included on notices (dunning letters) sent to the debtor, or with client acknowledgements that you send upon listing new accounts. The check collection software also allows you to input check images using Centralized Returns.

Bad Checks and Collection Software

As bad checks are entered into the Bloodhound collection software database, the bad check collection software will search to see if the routing number and bank account number combination already exist in the system. If the system finds a match, an option is offered to match the accounts together. In addition, if the check collection software finds duplicate routing numbers, account numbers, and check numbers in the system, it will warn the user to prevent duplication or signify potential fraudulent activity.

Bloodhound collection software has very flexible commission rates, which allows agencies to pay their clients a wide range of commissions, including rebates on the NSF fee portion.

The check collection software also includes Check Guarantee, to allow agencies to pay their clients up-front for the face value of checks. It is an extremely adaptable system that lets agencies design flexible and client-specific guarantee programs based on their own criteria.

Client Web Link is another feature that makes Bloodhound the best check collection software on the market. It allows agency clients to access account information over the web, including the ability to view check images. The Bloodhound check collection software can also fax or email reports directly to your clients.

Check verification is another critical part of check collection software, and Bloodhound is able to interface with national verification systems. The check collection software can even do the verification billing. Invoices can be based on the result and/or the number of verifications during a particular time period, or on the size of the check. The check collection software can also use minimum billing amounts when there is no activity for a particular client.