LOUISVILLE -- BSG Financial, LLC, a provider of profit-enhancing programs and marketing services to the financial industry, announced the South Carolina Bankers Association has officially endorsed BSG Financial for its Re$ubmitIt program, an electronic check and item recovery solution.

South Carolina Bankers Association chose to endorse Re$ubmitIt due to BSG Financial’s strong industry reputation for providing services that enhance a bank’s ability to operate more efficiently and build stronger customer relationships. Implementation of Re$ubmitIt offers member banks a means of generating a new income stream, while providing a valuable, free service to business accountholders. As a result of this endorsement, a profit-sharing agreement now exists between BSG Financial and SCBA member banks that utilize Re$ubmitIt.

“Re$ubmitIt is a unique product with valued benefits for our bank members,” said Elisa Edwards, senior vice president of the South Carolina Bankers Association. “Our endorsement of Re$ubmitIt is a step in the right direction to help our banks become more efficient and customer focused. The service that Re$ubmitIt provides is a plus for any one of our banks and its business customers.”

With Re$ubmitIt, at no cost to commercial accountholders, 100 percent of a returned check’s face value is collected through an automated process. Re$ubmitIt accomplishes this using electronic check re-presentment technology through the Automated Clearinghouse Network (ACH). In addition to processing NSF checks, Re$ubmitIt also processes ACH originations and check conversions, including back office conversions (BOC), accounts receivable conversions (ARC) and Web-authorized payments (WEB).

“Re$ubmitIt allows banks, especially those turning their attention to business accounts, a proven program that can impact market position and account retention,” said Barrett Nichols, founder and CEO of BSG Financial. “Re$ubmitIt benefits both the front and back ends of the banking process – resulting in increased profits for the bank paired with heightened levels of customer satisfaction.”

About South Carolina Bankers Association

The South Carolina Bankers Association is the trade and professional association representing 100 financial institutions in the state. The SCBA is organized to effectively represent the common interest and welfare of South Carolina's banking industry and to promote the professional development of its members and individual practitioners. It is the mission to provide legislative, regulatory, educational, technology and product leadership on behalf of its members.

For more information about the South Carolina Bankers Association, visit www.scbankers.org

About BSG Financial, LLC

Louisville, Ky.-based BSG Financial develops and manages innovative, profit-enhancing programs for the financial industry. In addition to Re$ubmitIt, the company offers CourtesyConnect®, the industry’s first outsourced solution for courtesy overdraft management, as well as a Sale/Leaseback program to help banks and credit unions generate capital from non-earning depreciated assets.

BSG Financial, recognized by Bank Technology News as an industry innovator, is privately owned and serves financial institutions nationwide whose assets range from $100 million to more than $32 billion. For more information about the company, visit www.BSGfinancial.com.