Is your inability to collect returned items eating away at your reported
revenues? Tired of spending time and money managing, reconciling, and funding
your company’s returned items? Let Huntington’s Centralized
Returns streamline returned item processing for you.
Centralized Returns helps keep you on top of collections.
Using a special endorsement stamp at the point-of-sale, Huntington’s Centralized Returns program will consolidate your returned deposited items. No matter where you deposit items, Centralized Returns will route those items to one Huntington account.
Our image-based Centralized Returns system gives us flexibility to tailor
a returns product for your special needs. Reporting options include Internet
access to returned item images and reports, electronic transmission of
check information and images, CD-ROM’s with detailed images of your
Centralized Returns also offers customized data entry, auto faxing and the ability to redeposit paper and electronic (RCK).
Centralized Returns streamlines the reconciliation and funding of returns.
Centralized Returns lowers the average time it takes a return to reach its final destination, thus improving your ability to collect on these items. Depending on the circumstances and features used, Centralized Returns can reduce the returns process by up to five days, increasing your rate of collection by up to 5 percent.
Consolidating returns will lower overall bank fees. It can also reduce back room expenses and time. One set of reports, one package of returns and one point of contact for all of your returns, results in saved time.
To learn more about Centralized Returns, contact a Business Banker at your local banking office or call Business Direct at 1-800-480-4862 Monday to Friday between 7:30 a.m. and 6:00 p.m. ET.