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The Lifetime Value of One Declined Check at Your Auto Dealership

Posted by Sara Holt on Thu, Sep 21, 2017 @ 12:49 PM

Many people prefer paying by check according to the 2016 Federal Reserve Payments Study. Checks declined by processing companies harm auto dealerships where losing a sale to just one declined check can have far-reaching consequences.

For example, one declined check for a downpayment could result in the loss of three sales equalling a total of $146,000 if several values are considered (see the below infographic).

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Tags: Auto Dealerships, Returned Checks

How Do I Prevent Returned Checks?

Posted by Joe Gargiulo on Mon, Feb 29, 2016 @ 07:00 AM

Americans love figures of speech and proverbs, especially those expressing a level of wisdom assumed by the speaker. Some people say “shoulda coulda woulda” while others believe “almost only counts in horseshoes and hand grenades."

“Good night and good luck” was introduced by Londoners bidding farewell the night before 1940 Luftwaffe bombing raids, and later assimilated by American radio legend Edward R. Murrow. That sense of finality, however, was best captured by Benjamin Franklin: “In this world, nothing can be said to be certain except death and taxes.”

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Tags: Check Fraud, Check Guarantee, Joe Gargiulo, Returned Checks

The Cost of One Bad Check

Posted by Tom Lombardo on Tue, Jan 13, 2015 @ 11:29 AM

The Cost of One Bad Check

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Tags: Checks, Check Fraud, Tom Lombardo, Bounced Check, Returned Checks

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