Check Collect Recovery Services – Automated consumer check recovery
Check Collect Recovery Services provide a cost-effective solution for automating collections of consumer checks returned for non-sufficient funds (NSF). This innovative service captures an image of NSF checks and electronically re-presents them to the consumer’s financial institution via the Automated Clearing House (ACH) network. A secure Web site enables businesses to track each NSF check through the collection cycle. Consolidated reporting is available online 24/7/365. The Check Collect Recovery Services pays 100 percent of each collected check’s face value plus a portion of the collected state NSF fee, and ensures compliance with all related regulations imposed by the National Automated Clearing House Association (NACHA).