The ACH is the electronic banking network through which all electronic funds transfers are made in the U.S. Over 95% of the nation's banks belong to the ACH - including the Federal Reserve.  

DOWNLOAD THE DEMO AND PLAY IT ON ANY WINDOWS PC  

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HERE IS HOW CHECK REPRESENTMENT WORKS:

• We provide the Checkrep Software Manager for your Windows  PC
• You enter check data into the software by keystroke, check reader, or import from a comma delimited file.
• Once a batch is assembled in the software you push a button to transmit to the EFT NETWORK, INC. for processing.
• The EFT NETWORK receives the data and in turn transmits the files in NACHA format  to the ACH.
• After 5 business days all collected funds are transferred into your account.
• At the same time as the collected funds are transferred a results file is transmitted into your software.
• The results file gives you item by item information - what was paid and what was not paid and the exact reason for nonpayment.
• The results can be stored, viewed, printed or uploaded to your mainframe.

BENEFITS OF ELECTRONIC CHECK REPRESENTMENT:

• 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
• Representment recovery rate of 40% to 80% and higher
• Never a bank fee to the agency.

  ELIGIBLE ITEM REQUIREMENTS:

• A check dated 180 days or less from the date of transmission

• A check in amount of less than $2500

• A check that has not already been transmitted twice.

• A check that indicates it was returned "NSF"