Electronic Check Re-Presentment

The benefits of electronically resubmitting NSF checks are numerous, here are just a few:

More Presentments
Paper checks may be presented a total of two times (the initial deposit and one re-presentment).
Electronic re-presentment allows a third submission. The third time is the charm, because tests
show that on average, the third re-presentment collects an additional 25% to 50% of the remaining
outstanding NSF Checks.

First Claim To Available Funds
Electronic transactions get first claim to any cash in an account. Banks routinely post electronic items
to consumer's accounts before they post paper checks.

Lower Processing Costs
Electronically processing NSF checks through our software is so efficient, an entry level Collector can
process thousands of checks each week.

Eliminate Bank NSF Return Fees
Banks charge businesses NSF return fees of $5 to $20 per returned paper check. There are no return
fees for ACH electronic transactions on NSF returns, only minimal electronic transaction processing
fees.

Timing is Everything
Re-presentment timing can be critical to collection efforts. For example, if re-presentments are timed
to hit an account after payday--on the 1st or 15th of the month or on a Friday, collection ratios
increase as check writer's accounts typically have higher account balances.

Faster Notification
Presenting a paper check manually, and settling the transaction, may take 7-10 days or more. When
re-presenting NSF checks electronically, the time is reduced to just 24-48 hours, resulting in better
collection rates.

Collection Ratios Up To 85%
NSF Check recovery collection ratios have exceeded 85%, based on age of check when processed
electronically. In some cases, this is more than double the collection ratio of checks submitted
manually. Electronic checks are processed ahead of paper checks--jumping to the front of the
checkline, clearing ahead of checks written days earlier.

Cost Effective Recovery
Collection Manager software is so efficient you can justify processing lower dollar collections without
fear of high NSF return fees.

Fast Turnaround
Qualified NSF checks are paid electronically within 24-48 hours.

No Accounting Nightmare
Automatic posting of settlements matches paid checks and lists those that didn't clear for immediate
follow up.