Return Check Conversion (RCK)
Diversified Check Solutions has a complete RCK solution using our highly reliable and efficient software- ACHeck21®.
What is RCK?
A physical check that was presented but returned because of insufficient funds may be represented as an ACH entry. By using ACHeck21® any business can re-present returned checks.
How RCK Works
- When submitting a check for electronic debit to the customers account - the debit is rejected by the customers bank – insufficient funds, account closed etc.
- ACHeck21® captures the returned check and reason for the return and posts it to the Gateway.
- By using ACHeck21® the check may be presented again or may be sent to collections.
- ACHeck21® maintains an image of the check for future reference.
ACHeck21® ---- It's HERE, it's NOW and the TIME IS RIGHT.
Benefits of using RCK with ACHeck21®:
- Works seamlessly with all ACHeck21® solutions
- A more efficient work environment
- Quick and easy recovery of bad checks
- Increases and improved funds availability
- Reduces and/or eliminate banking fees for returns
- Faster settlement of returns
- ACHeck21® links to check collections services that will collect the check and return the full face amount at no charge to the business
- Immediate Increase in Cash Flow
