Please consider this free-reprint article written by: Pat A McDavitt You are welcome to publish this article free of charge provided: • You include the byline

Consolidated Returns: A consolidated returns program can reduce your returned check bank fee to as little as $2 per check or less, and improve your overall rate of collection by accelerating the returns process Your bank may currently be charging you $5 or more for each returned item

According to Patti Murphy of the Takoma Group, just a few years ago bankers were telling us that we would all be carrying a single card (what today might be called a smart card) with which we could transact all types of business electronically Now, here we are in the 21st century, and the banking system remains full of paper checks

Everyday companies across America are realizing the benefits of automated payments There are literally billions of electronic payments being processed each year through the ACH (Automated Clearing House) System