FARS

Electronic Check Recovery

A better way of handling dishonored checks. Once a check is dishonored, instead of sending it back to your business to collect, the bank forwards the check to IBG/FARS where it is imaged and cured for re-presentment. Fars monitors accounts daily to electronically re-present checks directly to the check writer's bank account via the ACH network. Once a paper check is converted into an image format all actions are handled electronically so you never waste time and money in the collection process. This blend of daily monitoring of accounts and FARS technology can significantly increase your recovery rate over traditional methods. Best of all, FARS cost nothing to implement or maintain. The check writer pays the state-regulated fees to cover cost of electronic check collections. FARS pays full face amount on all checks collected electronically. Your account is credited daily (via ACH) the dollar amount of all collected checks, and you can monitor your collection activity via the 24/7 internet reporting system.