Greater Jackson Chamber Partnership
Chamber Confidential
Volume 3, Number 11
| Department
Updates Business Relocation Assistance Program, click here. Commercial Real Estate Investment Information, click here. Upcoming events and Membership news, click here. Hurricane Katrina Relief Information, click here. 2006 Major Events! Click here to view the current schedule. ChamberPlus, Inc. news, click here. Governmental Relations news, click here. Workforce Development news, click here. Economic Development news, click here. Community Development news, click here. Leadership Jackson news, click here. Updated list of new members, click here.
New Photo Gallery Pictures,
click
here.
Receiving bad checks? Click here to find out how the chamber can save your business time and money on check recovery! Click here to view the 2006 Executive Committee & Board of Directors Special Thanks to our Diamond Level Investors
Platinum Level Investor
Top Five Keywords Searched for the Week:
1. Employment
|
Niki
Carr Lowery, Executive Director
CHAMBERPLUS/BLUE CROSS & BLUE SHIELD OF MISSISSIPPI HEALTH INSURANCE
ChamberPlus offers discounted health benefits to small businesses with one or more business owners around the state of Mississippi. We have a partnership with Blue Cross & Blue Shield of Mississippi allowing us to offer affordable insurance to our clients. Dental and life products are also available for these small businesses.
Currently, ChamberPlus is covering over 1,550 businesses enabling us to insure over 22,000 lives. This is a remarkable number and proves that small businesses need assistance with providing affordable health benefits to their employees.
ARE YOU RECEIVING BAD CHECKS? NOT ACCEPTING CHECKS?
ChamberPlus has broadened its horizons and is venturing into other areas to help small (and large) businesses with day-to-day operations. As a result, we developed an affinity program by partnering with F.A.R.S. Check Recovery Program. For more details on F.A.R.S. products, please read the following information. If you have any questions or comments regarding this affinity plan, please call Niki Carr Lowery, Executive Director at 601-948-7598 or by email at ncarr@metrochamber.com.
.jpg)
No
Per Transaction Charge!
·
No
Phone calls to make!
·
No
Redeposit fees!
·
No
Letters to write!
·
No
Monthly minimums!
Federal Automated Recovery Systems
Was formed to help merchants, professionals and any organization that accepts checks to successfully recover checks that are returned NSF or otherwise dishonored.
Last year,
there were 731,000,000 dishonored checks
passed in this country with approximately $54 billion at
risk.
FARS Marketing has a solution that………
Will get your money back….all of it, plus FARS provides Real Time (24/7) on-line reporting and tracking for all merchants.Revolutionary new NSF check collection process……. New banking rule allows us to collect your NSF checks electronically!
What is Electronic Check Processing?
Electronic Check Processing is the conversion of non-sufficient funds and uncollected funds checks into electronic items. These items are then sent through the ACH network for collection.
What are the benefits of Electronic Check Processing?
· Lower collection costs.
· Dramatic improvement in collection rates.
· Faster deposit to your bank, within the first 15 days from when the file is received by the Automated Clearing House (ACH).
· Timing the NSF check processing for greater chance of recovery.
· Verification of available funds from the check writer’s bank.
How much does the service cost?
Electronic NSF check collection is FREE. Hard collections on “account closed” and “stop payment” checks are on a 75/25% split of the collected amount. There is a one-time set up fee of $79.00 to the merchant with no annual renewal fees. This is applicable for ChamberPlus members only!
What is your success rate?
FARS collects 75% of the recipient’s dishonored NSF checks within 5-7 business days and another 10% within 30 business days. FARS collects and returns to the merchant 100% of the NSF check amount.
What are some of our customers saying?
“We recommend this service to anyone looking for a quick and convenient way to collect on returned checks. It has relieved our staff from many headaches and has proven to provide desired results”
“Bank fees [for uncollectible checks] were eating into my profits, so I decided to stop accepting checks altogether, which cost us lost sales. Then I was referred to FARS Marketing, with its incredible… collection rate…I am accepting checks once more in ALL my locations and have recommended this service to all my business friends”
“With FARS I get an e-mail notification report on the status of every outstanding check. And our controller can access their web site at any time to review status. I have been very pleased.”
For more information, please visit www.chamberplus.ms.
|
To send any comments regarding this e-memo, click here.