With the new automated check recovery system, we are able to engage in a nonintrusive, cost-effective way to automate the recovery of consumer checks that have been returned for nonsufficient funds (NSF)
Tampa, Fla. (PRWEB) August 25, 2008
American Momentum Bank, the largest start-up of any financial institution in the state of Florida, is now offering an automated consumer check recovery service to its business and commercial clients.
"With the new automated check recovery system, we are able to engage in a nonintrusive, cost-effective way to automate the recovery of consumer checks that have been returned for nonsufficient funds (NSF)," commented Rita Lowman, President, Sarasota/Bradenton; Chief Administrative Officer.
American Momentum Bank Clients simply need an Internet connection and a Web browser. With Check Collect Recovery Services, NSF checks are imaged and re-submitted. Business Clients simply use the Web site to view activity and see where the NSF item is in the collection cycle. Businesses can access the online consolidated reporting system 24x7.
Check Collect Recovery Services pays 100 percent of the check's face value, plus a portion of the collected state NSF fee. There is no software to purchase or install, nor are there licensing fees to pay. There is a one-time setup fee. Additional advantages to business banking clients include lower labor and operational costs toward collection. Funds are typically settled within five days of collection.
Starting with a clear vision, American Momentum Bank has built a bank ideally suited for Floridians. Its' solid foundation provides the strength to offer a full range of options and a wealth of banking experience. American Momentum Bank operates offices in Tampa Bay, Naples, Sarasota and Orlando.
In addition to a full line of banking solutions for real estate developers and investors, commercial business owners, professionals and entrepreneurs, American Momentum Bank provides a comprehensive suite of products and services.
About American Momentum Bank
American Momentum Bank is a progressive, Florida based bank that strives to offer a deep understanding of our commercial, retail and online banking Clients' immediate and long-range goals, unparalleled personal service, and solutions tailored to our Clients' specific needs. Experienced, professional management and Associates, combined with flexible decision making, is essential to the success of our Clients. Our banks' success is a result of our Clients' and Associates' success. For more information, please visit http://www.AmericanMomentumBank.com.
Rita J. Lowman, President, Sarasota/Bradenton; Chief Administrative Officer
American Momentum Bank
4830 W. Kennedy Blvd., Suite 200
Tampa, FL 33609