WHATS NEW?:

Groundbreaking changes in the NACHA Operating Rules...
have recently made it possible for merchants to collect checks returned for insufficient or unavailable funds via the ACH Network.

It is an advancement that promises to yield dramatic improvements in check collection rates and processing costs for merchants and high-volume billers with participants in recent RCK pilots reporting collection rate increases of up to 59% and processing cost saving as high as $.50 per item,

FastCollect© System

Through its RCK program,  FastCollect converts NSF checks to electronic debits, then re-presents them to the issuing financial institutions for payment.

Key Benefits to Merchants

• Saves Time and Labor - the process takes a fraction of the time and labor associated with re-depositing a paper check
• Improves Recovery Rates - businesses average an increase of 50% to 85% in the electronic re-deposit of NSF checks
• Quick - provides faster access to funds
• Little or No Capital Investment
• Reduces Fraud
• Provides Less Intrusive Way to Collect NSF Items
• Receive 100% on Recovered NSF Checks
• Absolutely Free Service
• Eliminates Re-deposit Fees and Return Fees on Re-deposited Checks
• Relieves the Merchant of the Hassles of Collecting Bad Checks
• Higher Recovery Rates than Collection Agencies
• No Charge for Service as Compared to High Rates by Guarantee Companies

What Else is New?

• Dramatically Improved Collection Rates
• Reduced Processing and Collection Costs
• Improved Cash Flow and Reduced Fraud