Oxnard, CA – JUSTCHEX, LLC, (“JU$TCHEX”) the leader in online processing of returned checks and ACH transactions for payment are now processing Accounts Receivable Conversion (ARC) returns for clients utilizing the JU$TCHEX Internet-based solution (justchex.net).
This service is provided to JU$TCHEX clients and processing partners that either process ARC transactions exclusively as well as those that have a mixture of paper and electronic processing needs.
Information made public by the Federal Reserve confirms a surging increase in the popularity of ARC conversion by retail lockbox providers.
Recently, it was reported by NACHA that ARC was on track for 1 billion payments this year, up from 220 million in 2003, and that they expect continued strong growth in 2005.
“By providing our service online via our online technology platform we are in position to more rapidly offer clients solutions that keep pace with a rapidly changing transaction environment,? according to Richard McShirley of JU$TCHEX, ?our clients have a single processing solution that provides the reporting and status of all returned transactions at their finger tips.”
About JU$TCHEX
JU$TCHEX is an IBM business partner that provides mobile and fixed loss prevention, electronic recovery and collections. JU$TCHEX provides service to thousands of client locations. Service models and functionality are available to meet the needs of small, franchise, mid-market and enterprise clients. JU$TCHEX has positioned itself as a leader by listening carefully, thinking ahead, and moving with purpose to provide clients with access to the best solutions. JU$TCHEX, and chexmessagingSM are registered service marks of JUSTCHEX, LLC.
For more information please visit http://justchex.net, or call JU$TCHEX at 805-604-4472.
