Express Check Recovery™
RCK Paper Check Re-Presentment
By directing your returned checks from your current depository banks to EPP, you can take advantage of unique cash management strategies that are not available with your typical return process and collect up to 85% of NSF items through automated re-presentment.
With EPP's Express Check Recovery process your company can benefit from volume return check pricing, enhanced cash
management strategies, and superior reporting features. When you centralize your returned checks, you not only centralize the volume; you centralize the risks associated with those transactions thus
making it easier to manage.
How the Process Works
- Merchants deposit checks into local banks
- Local deposit banks send checks to check writer's banks
- Check writer's bank makes a "pay" or a "no pay" decision
- Check writer's bank sends all "no pay" checks to EPP
- EPP manages the returns by resubmitting the check up to two times on strategic dates!
Merchant Benefits
- EPP re-presents your returned items through the Automated Clearing House (ACH)
- Alleviate collection issues – focus on your core business instead
- Second re-presentment occurs on strategic dates of the month to increase success
- You are paid 100% of the face amount of the check upon collection
- Accelerated posting through electronic processing
- Comprehensive payment options
