NEW PROGRAM ALLOWS LOCAL MERCHANTS TO COLLECT FASTER FROM HOT CHECK WRITERS
During today's
annual Hot Check Seminar, El Paso County Attorney José Rodríguez unveiled today a new free
service that will provide merchants with faster access to funds collected by
this office from hot checks writers.
The "On-line
Inquiry" program will grant registered merchants access to their hot check
accounts via internet, 24 hours a day, 7 days a week, allowing them to learn
instantly about the latest payments received and any other activities
registered under their accounts.
Under
the old system, merchants had to call the County Attorney's
Office to find out if any payments had been made to their account. Often the
merchants would find out about collections days or weeks after a payment had
been received.
With
the new system, after registering on-line, the merchants get a password to
access a computer program called ‘tracer' that allows them to access their
financial records via the internet. The merchants can verify the number and
amounts of the checks submitted for collection, and can find out in real time
whenever a payment has been posted to their account.
"The
On-line Inquiry system not only makes it more convenient for merchants to regularly
verify the status of their accounts, but also allows them for faster recovery
on hot check funds collected," explained El Paso County Attorney José
Rodríguez.
"We feel that by facilitating merchants with
faster recovery on outstanding amounts, we are allowing them to re-invest the money
back into their business, increasing the economic activity in our community", concluded
Rodríguez.
- 30 -
County Attorney Jose
Rodriguez will be available for interviews immediately following his opening
remarks during the hot checks seminar around 9:30 AM, on the 3rd
floor of the County Building, 500 E. San Antonio. For further arrangements, please
call Elhiu Dominguez at 546-2016.
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Hot Check On-Line Inquiry Press Release.pdf