Businesses wanting more assistance with returned check collections can select from three collection programs to reduce bad check losses.

Re-Deposit – This service is the most basic but is only available with electronic check conversion. When checks deposited electronically are returned for NSF or uncollected funds we simply routes the electronic check back to the consumer’s bank. If the electronic check is returned a second time then it is charged back to the business’s account. Collection success is about 50% of the charge backs in most cases.

Electronic Check Representment – This service is available with Check Verification or Electronic Check Conversion. If the business is using verification only and depositing paper checks then returns are charged back to the business account and the check is sent to the business by his bank. The business then forwards the check to the collection agency and they attempt to collect the check up to two times using electronic debits to collect. If the business is using Electronic Check Conversion we forward an image of the check to the collection agency on their behalf. This service increases collection success to about 70% in most cases.

Secondary Collections – This service is an addition to Electronic Check Representment. If the collection agency can’t collect the check electronically they begin letter writing and phone calls to the consumer to attempt to collect.

Our company does not provide Electronic Check Representment or Secondary Collection services; we refer this business to EFT Processing Center. Redeposit cannot be used in conjunction with electronic representment.