Benefits of RCK
ACH Processing offers a number of benefits over
traditional collection of funds. The major benefits have to do with
the speed of collection, benefits of on time collection, and the
tremendous reduction in processing costs of ACH versus other forms of
payment processing.
Here are just some of the main
benefits of Electronic Check Representment or RCK:
- Cost Effective
- Efficient
- Expedient - You recover NSF funds in 5 business days
versus 10 or more for conventional paper check representment
- Electronic Checks take precedence over paper checks at
the bank
- Easy to target "Smart Dates" for representment
~ the 15th and 30th of the month, Fridays, etc.
- Representment recovery rate of 40% to 80% and higher
- Never
a bank fee to the company doing the representments
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