FIS DDA Recovery Services
Demand Deposit Account Recovery for Financial Institutions
Now Demand Deposit Account (DDA) recovery is available in a one-stop solution for reporting account closures and initiating a collection.
The easy-to-use FIS DDA Recovery Services lead to improved collection profitability and bottom-line results for your bank or credit union. Our full-service collections service is an integrated approach combining letters and telephone requests. DDA Recovery Services are comprehensive and deliver the highest net-back. Recovery efforts begin as soon as the debt is reported.
Capabilities of FIS DDA Recovery Services:
- Locate, contact and negotiate payment from debtors
- Report debtor information to FIS DebitBureau® and Certegy Check Services
- Receive, process and deposit DDA recovery payments
- Deliver monthly payment and activity statements
- Manage accounts across champion/challenger strategies to maximize liquidation
Benefits to your financial institution:
- Improves your collections profitability. FIS is your one-stop shop for reporting account closures and initiating a collection. The full range of FIS DDA Recovery Services is focused on generating a higher net-back for your organization, meaning more dollars are recovered.
- Reports to national databases. FIS DDA Recovery Services reports debtor information to the FIS DebitBureau® and Certegy Check Services networks, limiting a debtor’s ability to open new DDAs or use existing DDAs for payment at retail locations.
- Recovery is just a click away. To request collections on charged-off DDAs, just click the “yes” box on the data contribution screen online. Collections may also be submitted via batch processing, as well.
- Provides exclusive DDA recovery. FIS is one of the few collections-service organizations in the country that specializes in DDA collections.
- Delivers bottom-line results. FIS DDA Recovery Services recovers more dollars and increases your bottom line by leveraging the FIS DebitBureau® and Certegy Check Services networks.
Because FIS specializes in DDA recovery, we understand that not all customers, or DDA debts, are the same. Our recovery professionals are dedicated to providing quality service on your behalf at every stage of the process. We work with your customers in a diligent and respectful manner so you will receive the money you are owed, without jeopardizing customer satisfaction.
We invite you to learn more about FIS DDA Recovery Services today! Contact us today with our convenient online form or call us at 1.888.933.8637 (press 1 twice).
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