 | What is Electronic Check Representment (RCK)? |
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 | RCK refers to re-presenting a non-sufficient funds (NSF) check electronically through the Automated Clearing House (ACH) Network via the Federal Reserve banking system.
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| | When was RCK Approved? |
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| In 1998 National Automated Clearinghouse Association (NACHA) approved the new banking interim rules that allow a merchant or agent to re-present NSF checks electronically. The permanent rule became effective on September 15, 1999.
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| | How can Merchants benefit from RCK? |
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| See our list of our benefits.
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| | Are there cost savings to the Merchant? |
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| Yes, not only will you not be charged additional fees from your bank, you will recive up to $25.00 over and above the face of the amount of the check as well as eliminating the time and money spent on letters and phone calls in attempts to collect the bad check yourself.
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| | What can a Merchant Expect for Improvement of Recovery Rates with e-CAP’s proprietary electronic re-presentment? |
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| Increases in collection rates as high as 100% over traditional collection methods.
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| | What types of checks can be represented? |
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| Checks that are returned Non-sufficient Funds (NSF) that are 180 days or newer.
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| | How many times can checks be presented electronically? |
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| Checks may be presented a total of three times electronically. Commonly presented once by your bank, and two additional times electronically through e-CAP.
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| | Is there a dollar limit on checks submitted for re-presentment? |
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| Yes, checks with a face value of $2500 or less may be presented electronically.
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| | How does e-CAP get paid? |
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| e-CAP is paid by the check writer. Each state publishes their allowed fee for collecting an NSF check, which is debited electronically.
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| | What if check writer wants to pay me at my business? |
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| Simply refer your customer to e-CAP to remit amount of check along with state allowed fees.
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| | How much does your service cost? |
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| e-CAP’s electronic NSF check collection is FREE. Additionally e-CAP’s secondary collection service recovers all types of returned check regardless of age or reason of return.
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| | When and how fast do I receive my money? |
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| All NSF checks collected are paid weekly. Our experience tells us that we will collect up to 90%+ of NSF checks we receive.
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| | How do I, as a Merchant, sign up for e-CAP’s check recovery program? |
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| Simply fill out our Merchant Agreement and Return Item Authorization forms or call toll free at 877-898-8987.
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