Most retailers are using a payments provider to collect their returned checks electronically. Did you know the electronic method providers use can generate over $140 in unnecessary overdraft fees for check writers? It is an unfair and profitable process that 99.99% of the payment providers are using. Perhaps it is time to open up Pandora’s Box. Payment providers get away with using a sub-standard process because retailers do not have a clear understanding of the electronic recovery process for returned items. As a result of excessive bank fees, customers are paying off their bank debts instead of their payment debts to the retailers. There is another electronic process that providers…