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WELCOME TO ELECTRONIC PROCESSOR!
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We are dedicated
to providing state-of-the-art electronic payment intake technologies.
Do you get your share of NSF checks? If you've been selling products and services for very long,
you know exactly what we are talking about. It is hard to escape this dreaded part of doing business.
We've been processing NSF checks electronically since it was first approved through NACHA. We've heard
the horror stories; we know there are a lot of risks out there when it comes to accepting checks in your
place of business. But if you haven't investigated Electronic NSF Check Re-presentment, you're in for a
surprise
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WHAT IS ELECTRONIC NSF CHECK RE-PRESENTMENT?
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Electronic NSF Check Re-presentment allows us to collect your bounced checks by
COMPUTER. This means you don't have to call the customer, and we don't call the customer. Once you follow
the simple procedures established by NACHA, it is perfectly legal (and more efficient and faster) to let the
computer do the work. We provide this service.
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WHAT ARE THE BENEFITS OF ELECTRONIC RE-PRESENTMENT?
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Benefits you should experience are numerous and include:
- Lower collection costs
- Dramatic improvement in collection rate
- Faster receipt of your hard-earned money
- Less embarrassment for your customers
- Check writing privileges for your customers with less concern
- Easier training of employees in check taking procedures
- Verification of available funds
- Reduced bank fees
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TIPS FOR ACCEPTING CHECKS IN YOUR PLACE OF BUSINESS
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- Always get proper ID; driver's license or social security number are best
- Make sure the check is signed
- Make sure signature matches ID signature
- Don't accept checks with PO boxes--always get street address
- Don't accept altered checks. Name, address, and phone number should be imprinted on checks
- Don't accept starter checks. Any number under 300 should be a *red flag*
- Don't accept two party checks. They're not worth the risk
- And finally be aware that *The collection process starts when you accept the check!*
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To use this new electronic process, you do NOT have to:
- 1. Change out your current equipment.
- 2. Buy new equipment of any kind.
- 3. Change your current check verification vendor.
- 4. Modify your check verification system in any way.
If you want to find out more about NSF Electronic Re-presentment,
Click here.
If you're a merchant, you may request an
enrollment packet
by clicking here. You may either print the forms off now and mail them or you may request the forms and we'll send you everything
you need by mail.
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