XPRESSRE-PRESENTMENT^SM
 Electronic Check Re-presentment  

  Improves Cash Flow and Customer Service

Successful businesses focus on their core business.  Merchants no longer waste time calling customers about check problems because the service takes care of returns automatically.  XPRESSRE-PRESENTMENT^SM  is an automated, consumer-friendly electronic process to collect returned checks for merchants.

Here’s how it works:

1. When a customer's check is returned unpaid, the merchant’s bank mails us all their returned checks.  We convert them to an electronic funds transfer (EFT) that is processed through the ACH and electronically debit the customer's account.

2. If the first re-presentment is returned unpaid, we try an additional time coinciding with standard paydays to increase clearing rates.

3. Merchant is paid 100% of the face amount of the check upon collection.

Click here for a service overview

We provide the merchant with the point-of-sale decal and customer acknowledgement tools needed to comply with applicable regulations.

The Haphazard Alternative 

Without electronic check processing, merchants must rely on a relatively slow paper-based check clearing system to receive final payment or to be notified of a return.  And because banks do not time their representments, like we do, chances are there will still be insufficient funds when the check is represented.

On-Line Reporting

With XPRESSRE-PRESENTMENT^SM, the status of all checks submitted for collection can be determined on-line via the Internet. With the information available, merchants will be better able to monitor the status of each check item, track funds owed to the merchant by XPRESSCHEX^SM, and audit check acceptance procedures. The ability to monitor information omitted by the cashier provides them with valuable feedback that can enhance their loss-prevention program.  

Click here for more information about on-line reporting

What Checks Can Be Re-presented?

• Checks of up to $2,500.00.

• Checks that have been returned by the paying bank no more than two times.

• Checks written 180 days or less from the date the entry is being transmitted.

• Checks that are not post-dated.

• Checks returned for non-sufficient or uncollected funds.

More Benefits of Electronic Check Re-presentment. 

• Collection fees for NSF checks can also be collected through the ACH network.

• Higher collection recovery rates.

• Lower collection costs.

• Integrates easily with existing operations.

• All collected funds and fees are deposited directly into the merchant’s account.  

• Customers in the NCIS negative database can be cleared to write checks again much faster than before.  

Friendly Customer Service

  Call for more information:1-800-291-3242.  
Or, send an e-mail message to sales@echo-inc.com

www.echo-inc.com

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