Check Chase Online

Check Assist offers its clients the ability to electronically resubmit returned items through the ACH Network.  Real time monitoring of checkwriters account verifies funds prior to submission.  Clients can schedule electronic re-presentment in a variety of different ways:  

• immediately

• after holding the item for a specified number of days

• on specific days or dates of the month

• or manually

Having the ability to specify when a return item will be re-presented is a powerful collection tool.  For example, since many people are paid on specific dates, such as the 1st or 15th of the month, scheduling return items to be electronically re-presented on these dates significantly increases the chances that the check-writer's account will have sufficient funds.

Typically, Electronic Check Recovery (RCK) will recover 65% - 75% of your NSF items and do it far more quickly than traditional methods.  Then, any uncollected checks can be down loaded from the "Check Chase Online" site and worked by your collection department or outside collection agency.  (Check Assist also offers check recovery software for those companies wishing to do their own check recovery in-house.)

What sets the Check Assist RCK program apart from the others?  

• The RCK process can be configured to run automatically, triggered by new returns hitting the system, or it can be configured to notify you that new returns have been received so that you can conduct the process manually.
• Same-day email reporting.  
• Administrative returns can be cleared online.
• Reduced Fraud Loss. Get faster access to return information, which helps prevent you from accepting more bad checks from the same checkwriter. 
• Anytime Access.  View return-item images, front and back, using Check Assist's online management tools. Item images are available in real time and remain online for 90 days. 
• Data Capture.  Check Assist also offers extensive data capture capabilities. We can capture whatever data our clients need and transmit it to them on a daily basis. 
• Flag accounts prior to the return being received.  This allows you to accommodate those "special" customers that may call you in advance and ask that you exclude them from the re-presentment as it will cause serious account balance problems.  An email report notifies you when the check arrives.
• Set minimum and maximum amount limits to be automatically re-presented.  This allows you to configure the system to automatically re-present checks that are greater than $5.00 but less than $500.00, or something similar.  Checks that fall on either side of these limits will be scheduled manually.
• Update your Accounts Receivable.   Our web reporting supports several formats that you can use to update your accounts receivable or check collection package automatically.  (Users of our Check Chase collection products can import returns and start recovery process immediately.)  

• The Check Assist startup kit provides everything you need to get started.

Our online RCK service will give your company a plug-N-play solution to high returned fees and outdated collection methods.  If you are interested in learning more about our online RCK recovery services, call us at 1-888-436-5101 or send us an e-mail.   Have more questions?  Visit our FAQ page.

Banks interested in an immediate, cost effective RCK solution to offer their depositors can call 1-888-436-5101 Ext 12 and request a demonstration.