Check Services
SBS Automated Phone
Payment System
Electronic Check Conversion
Checks by Phone
ARC - Accounts Receivable
Check Conversion
RCK - Electronic Check Recovery
RCK - Electronic Check Recovery
Our services offer benefits that directly impact your revenues and improve customer service. By signing up with us, you can:
-
Preserve your Margins: Greatly reduce returned check fees while eliminating fees from banks of first deposit.
-
Improve collection rates by 20% to 30%: Our high-tech system allows us to re-present checks up to two times as opposed to traditional methods of only being able to represent once.
-
Reduce administrative time and expense: We do all the work for you, and provide you with 24/7 online access to track our progress.
-
Receive 100% of principal: You get 100% return for every check recovered electronically.
-
Option to earn residuals: Some businesses may qualify for a rebate on a portion of fees collected from consumer fees.
Electronic Check Recovery Gets You Your Money!
Electronic Check Re-presentment (RCK) provides you the best method of check recovery available. Businesses can recover more returned checks, in less time, at less cost. This complete check management service is today's best alternative to traditional check collections. With this service you have access to a unique, web-based system that allows you to instantly track checks. Don't let bad checks be a loss - recover more with Electronic Check Re-presentment.
How Electronic Check Recovery Works:
RCK begins your check recovery process electronically - eliminating the time-consuming paper trails of conventional methods. We begin by immediately scanning an image of each returned check, keying in all information, and using the Automated Clearing House (ACH) Network to electronically re-present the check to the originating bank - all within 24 hours of receiving the check. Checks are re-presented to the banks faster, and RCK checks have a first-in-line status in the banking network.
This accelerated process is your business advantage: electronic re-presentment results in 20 to 30 percent higher recovery over manual check collections, and you see your money in less time.
Invest Less and Profit More!
No need to choose between investing in collections and accepting a loss on a bad check. The standard RCK service is free, and is an easy way to improve your check recovery. We manage all your recovery efforts, while keeping you up to date on our progress. Not only will you reduce administrative hassles, but also, with RCK, we can offer you the highest possible return on your bad checks. To start, we provide 100 percent reimbursement on the face value of all checks recovered through RCK. In addition, electronic re-presentment can reduce your expenses by eliminating bank fees from banks of first deposit. We are ready to customize a solution that will offer the most benefit to your business.
Improved Customer Service
A Returned check is no reason to ruin a good customer relationship. Our electronic re-presentment offers a customer-friendly approach to recovery. We avoid aggressive collection efforts by collecting funds directly from the consumer's bank account. Our methods recover 90 percent of checks returned for insufficient funds (NSF) with swift, initial re-presentment. Accounts that fail this attempt are monitored and represented when funds become available. Only if a second attempt fails are your NSF checks sent to a traditional collection agency.
Throughout the process, our customer service representatives are available to help your customers clear their outstanding balance in a positive way.
Setting the Standard
This state-of-the-art electronic re-presentment service is the result of years of experience and an in-house development staff dedicated to revolutionizing the payment industry. We take pride in being able to provide customized integration services that meet your needs in a timely and efficient manner. With our experienced team, it's easy to incorporate RCK into your current internal systems and quickly have access to the most timely, accurate information on your outstanding items. Our service is always focused on helping you recover more of your money faster, and improving the process for both you and your customers.
