Sometimes the laws around bad checks
state that partial payments constitute a payment arrangement and can affect your ability to collect the full amount.
Don't drive away good customers with policies, actions, and attitudes that are intended for the bad check
The findings indicate that a few bad checks
written at merchants, combined with bank charges, could mean hundreds of dollars in fees for a consumer.
He estimated their total value of bad checks
awaiting decision to be around SR4 billion at present.
Giving statistics at a forum in Dammam last week, Al-Mubarak said 35,859 bad checks
were issued in the first quarter of this year compared to 40,565 during the same period last year.
Whether a business receives checks routinely, occasionally or rarely, the new, free Bad Check
Recovery service will provide a better return:
When the bad check
catches up with the consumer, fees three or four times the original amount of the check are not unusual.
The new program -- powered by ePayments' iSmart Check Processing System for intelligent and integrated check acceptance -- has already helped numerous school districts around the nation solve their bad check
Offenders will get one chance to make good on the bad check
, or face possible prosecution, Gardner said.
Price Chopper's pilot results prove that the check image is the significant factor in reducing losses due to bad checks
and administrative returns.
In a bad economy people usually write more bad checks
,'' said Mark MacKinniss, manager of the Bad Check
If the check is not paid, the lender threatens or attempts to enforce the bad check
statutes against the borrower.