Electronic Check Re-Presentment (RCK) allows corporations to simplify and improve their collection process for returned checks with insufficient funds. RCK converts paper checks returned as NSF into electronic checks processed through the Automated Clearing House, yielding higher recovery rates than collecting paper checks. RCK allows electronic checks to be re-presented up to three times, compared to just once for paper checks. It also saves time and money compared to traditional collection methods and allows payments to be timed to coincide with common paydays to boost recovery.

1. Electronic Check Re Presentment (RCK)
Re-Presentment
Simplifies and Improves your Collection Process

2. Co ec o
Collection Improvements
po e e s
Corporations can simplify and improve their collection process by replacing traditional
method of collecting returned Non-Sufficient Fund (NSF) checks with Checkcare’s
Electronic Check Re-Presentment (RCK) service.
RCK is the conversion of a paper check returned and marked NSF (or uncollected funds)
from a bank into an electronic check for presentment through the Automated Clearing
House (ACH)
Yields a 25-35% higher rate of recovery than paper checks
Save time and money in the costly collection process, as well as bank redeposit
transaction fees
fees.
Virtually eliminate the expense of lost revenue due to NSF checks.
Unlike a paper check, you don’t have to wait weeks to find out if a check has been paid
or returned, you will know in days.
,y y
Time your re-presentments to coincide with likely consumer deposits, such as paydays.
A combination of strategic timing and faster processing, you will experience an
increase in recovery rates.
1

3. RCK Guidelines
Consumer checks only, NO commercial checks
Limited face value; Checks less than or equal to $2,500
Maturity;
M t it 180 days from date written on th check
d f dt itt the h k
For NSF / uncollected balances only
Re-presentment: Three tries to collect your funds
- Any combination; electronic or standard 2 to 1 or vise versa
Customer Information: Visible customer notification to inform check
writers (Signage posted at the point of sale)
2

4. Key Features
Electronic NSF checks can be re-presented 2 additional times, as
opposed to only 1 time in p p form
pp y paper
Higher recovery rate. Improve your overall collections and payment
efficiency
Electronic items can be strategically timed to coincide with traditional
‘pay days’, ie Fridays or the 15th or 1st, thus increasing likelihood of
pay-days ie. Fridays,
successful collection
Customers returned t paid status sooner
Ct t d to id t t
NSF checks can be collected without verbal communications
3

5. How the RCK Process Works
4

6. Step-by-Step
1. The Consumer presents a completed check
to the Merchant, who stamps the RCK
endorsement stamp on the b k of the check
d h back f h h k
authorizing the ACH transaction.
2.
2 Merchant deposits check into his bank
account.
Merchants Bank
5

7. Step-by-Step
3. Consumer’s bank pays the Merchant’s
bank.
Consumers Bank Merchants Bank
4. The Check is returned NSF from the
$ consumer’s bank. If the RCC program is
also used, then no NSF fee is charged
by the bank.
5. NSF Checks are sent directly to
Checkcare by the Merchant’s bank.
NSF Checks
Checkcare
6

8. Step-by-Step
6. Checkcare sends the checks to
EFT Network for ACH processing.
NSF Checks
ACH
Network
Checkcare notifies you of checks that
7.
7
have cleared so you can update your
Accounts Receivable software.
7

9. RCK results can be viewed online.
8

10. Benefits:
B fit
Complimentary use of our software without the need to purchase
additional eq ipment
equipment
24/7 access to images of NSF checks available via our secure website
Seamlessly upload detailed paid data file to your accounts receivable
system
y
User-friendly interface requiring only internet access
Recover your returned items as quickly and cost-effectively as possible
9

11. Conclusion
Electronic Check Re-Presentment simplifies and improves your collection process
by replacing the traditional method of collecting returned Non-Sufficient Fund
Non Sufficient
checks.
Electronically represent NSF checks 2 additional times, as opposed to 1 time
Save time and money in costly collection process, as well as bank redeposit
transaction fees
Virtually eliminate the expense of lost revenue due to NSF checks
Real-time verification database reduces risk of accepting bad checks and collection
costs
NSF checks can be collected without verbal communications
Electronic items can be strategically timed to coincide with traditional ‘paydays’
10