Check Collect Recovery Services * – Automated consumer check recovery service
Check Collect Recovery Services provide a non-intrusive, cost-effective solution for automating the recovery of consumer checks returned for non-sufficient funds (NSF). This solution captures the images of NSF checks and electronically re-presents them to the consumer’s financial institution via the ACH network. A secure Web site tracks each NSF check through the entire collection cycle, and consolidated reporting is available online 24/7. Check Collect Recovery Services pay 100 percent of each collected check’s face value plus a portion of the collected state NSF fee and ensures compliance with all related regulations imposed by the National Automated Clearing House Association (NACHA).
* Provided by Jack Henry & Associates’ ProfitStars® division