Written by Laurie Nichol
Bookmark and Share

RCK systems are the new payment processing solutions that are making merchants everywhere breathe a sigh of relief. The fees and fines associated with returned checks, and the trouble that comes with trying to process a fraudulent payment have been the bane of every retailer's existence. Now, with efficient electronic RCK systems on the market, these problems can be a thing of the past.

An NSF check is a check written by a person without sufficient funds in his or her account to cover the purchase. If you have a good RCK system as part of your ACH processing package, then you've got a great way to counter these bad checks. Your recovery rate will soar, and your employee hours spent on processing checks will vastly decrease.

How RCK Collection and Recovery Systems Work

An RCK system converts a paper check into an electronic funds transfer and resends it to the ACH processing network. After resubmitting the bounced check one or more times, the likelihood of sufficient funds is greatly increased. These systems actually allow you, as the merchant, to submit more times than a financial institution can!

When a check finally clears, you'll be able to receive the full payment, without having to lose money in fines or fees. You'll also be able to automate your fine charges to the customer, turning that source of revenue into an effortless activity! Avoiding the numerous NSF fines that your bank now charges you is, alone, well worth the switching.

Bookmark and Share