No Bounce Overdraft Service – Consulting

Managing check loss risk is often an either or choice: either limit participation and risk discrimination problems, or broadly define participation criteria and risk huge check losses.

Moebs Services’ Debit $coring^® enables you to manage risk control, and prevent discrimination at the same time. Debit $coring is a patented process that empirically and ethically identifies the largest number of qualified consumers—existing account holders and new account applicants. Not a cookie cutter, one-size-fits-all tactic, Debit $coring works so well because it’s a custom fit. And it results in full compliance with state and federal regulatory agencies.

Here’s what Debit $coring^® delivers:

• OD limits—($1,000 and up) that are meaningful to more account holders, like those whose typical expenses may include a monthly mortgage or a car loan.
• Low risk of check loss—generally 3% of fee revenue or less. Most overdraft programs’ losses are 10% or greater.
• Low operational costs—it’s fast, fair and efficient, so it saves your staff time.

• Enhanced account holder satisfaction—account holders will see the service and corresponding service fee as a value, not a penalty.
• Zero litigation risk for NSF/OD pricing levels
• Improved approval process with your Board—by presenting effective strategies, fee changes can be approved quickly and easily.

• Technology
• Overdraft processing
• Collections

We will establish overdraft-processing procedures tailored to your existing core processing system, including its OD module (if available). Many mainframe systems offer features that are not being utilized; we’ll identify them. In addition, we’ll develop customized procedures to compensate for any gaps in tracking critical OD information within your existing IT system.

Moebs Services will work directly with your staff to establish a Project Plan Timeline which includes: project planning, job and task descriptions, third-party relationships, reporting processes, the qualification process, scheduling of notices and collection letters tracking OD/NSF transactions, refunds and losses and more.

With Moebs, you’ll:

• Be prepared for CFPB changes
• Earn fee income faster
• Improve efficiency and keep operational costs low
• Improve collections and reduce losses