What is TRS Recovery Services?


Quick Answer

According to First Data, the parent company of TRS Recovery Services, TRS Recovery Services is a collections company that works with merchants to recover check losses. The company works with a variety of industries aiding retailers, grocers and financial institutions.

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Full Answer

TRS Recovery Services works with Telecheck to provide loss prevention services for its customers. These services include upfront authorization to verify the validity of checks before acceptance. This keeps administration costs related to dealing with checks low for merchants using the company's services, and it increases fraud detection before fraud costs the merchants money. It also reduces the number of returned checks, which in turn reduces returned check fees charged to the merchants by their banks.

For collection services, TRS Recovery Services deals with customers in a way that both collects the monies owed to the merchants as well as retaining the customers for later business. They offer a wide variety of payment options to cover bounced checks, including cash, credit card, check, money order, debit card, electronic funds transfer, money transfers using Moneygram and Western Union and online payments. They also offer payment assistance using both a live operator and interactive voice response. Services are available in both Spanish and English.

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