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CheckMate is a revenue enhancement strategy offered by Ceto and Associates, designed to honor occasional overdrafts for responsible customers. While overdrawn items typically occur as a result of timing differences and check book mistakes, history has shown that customers will almost subconsciously increase their overdrawn item activity if they know that the institution will pay overdrawn items up to a small threshold amount. The risk exposure is only slight to the institution whereas the increase in service charge income and efficiencies is significant. All of Ceto and Associates' clients offering CheckMate service, report it to be very profitable.
Ceto and Associates draws on its expertise to guarantee your institution implements a profitable, yet controllable, solution for overdraft assurance. Ceto and Associates' knowledge of the regulatory environment ensures compliance by your institution with all applicable regulations and guidelines. Ceto and Associates helps you create and develop an Internal Overdraft Policy and Guidelines Statement for the processing of overdraft items. On a daily basis, the CheckMate database automatically identifies all eligible accounts, as well as mail program letters and guidelines to customers. These activities are necessary and dependent on putting into practice a successful overdraft assurance process.
CheckMate is a project methodology that allows a customized overdraft assurance program to be implemented by your institution while preserving your institution's current culture. Ceto and Associates will work with your institution's comfort level throughout the entire implementation process.
Advantages and Benefits
Features and Functionalities
Marketing Strategy for Implementation
How the Process Will Work
How Does CheckMate Work
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