Electronic Check Re-Presentment

What is check re-presentment?

Check re-presentment is an automated, consumer friendly, electronic process to collect returned checks. For the merchant, the check acceptance process at the point of sale is virtually the same. You're not bothered with collection issues, instead, your bank mails us all your returned checks. We re-present them up to two times electronically through the Automated Clearing House (ACH). The second re-presentment is on the 1st or 16th of the month to increase success rates.

You are paid 100% of the face amount of the check upon collection. Funds are electronically credited to your account twice a month.

QUICK FACTS

• You're not bothered with collection issues – focus on your core business instead.
• Your bank mails us all your returned checks. We re-present them up to two times electronically through the Automated Clearing House (ACH).
• The second re-presentment is on the 1st or 16th of the month to increase success rates.
• You are paid 100% of the face amount of the check upon collection. Funds are electronically credited to your account twice a month.

HIGHLIGHTS

• No charge to you!
• Automatic reimbursement.
• Payday re-presentment improves chance of collection.
• Your bank forwards your returned items directly to our processing center.

Customer service - 24 hours a day, 7 days a week including holidays.

 

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