Non-Sufficient Check Representment

Leaders from the banking and technology industries announced that the U.S. Government made its easy to electronic deposit non-sufficient checks. This is historic transaction procedure and is the result of a collaborative three-year research initiative to use the ACH Network to make check processing more efficient and open the door for widespread implementation by U.S. businesses. Representment Check is a new payment instrument combining the security, speed and processing efficiencies of all-electronic transactions with the familiar and well-developed legal infrastructure and business processes associated with paper checks, is the first and only electronic payment mechanism that is now in used by collection agencies, check guarantee firms, service bureaus, and banks to process return checks.

As a leading provider of secure electronic payments technology, all payments are processed through a Federal Reserve Bank, with all funds processed and transferred into our clients account the next morning after processing.

Encore's Worldwide Financial has your check processing solution for NSF Checks. Utilizing the ACH Network is a powerful alternative to using paper check deposits and collections. Encore's Worldwide Financial Check Re-Presentment is a Revolutionary New NSF Check Collection Process That Deposits Checks Collected The Next Morning Into Your Bank.

Electronic Check Representment is the conversion of non-sufficient funds checks (NSF) and uncollected funds checks into electronic items. It's fast easy and less costly!

THERE ARE MANY BENEFITS OF ENCORE'S ELECTRONIC CHECK RE-PRESENTMENT?

· Lower Collection Costs. Most banks charge $2 to $4 to redeposit a NSF check, whereas Encore' program cost pennies on the dollar.
· Dramatic Improvement in Collection Rate. The National Automated Clearing House Association (NACHA) reports increases in collection rates by as much as 50% to 95% as compared to traditional collection methods. The faster the NSF checks are represented electronically, the higher the recovery rate.
· Faster Deposit to the Merchant's Bank. Account we deposit the next morning while Service Bureaus hold your deposits for days. As an industry standard, Service Bureaus will tell you it takes approximately 5 days from the time the file is received by the Automated Clearing House (ACH) Network to procure payment. This 5-day hold allows the service bureau to completely have control of your funds for this five-day period. Encore' processed through a FDIC approve bank and your funds are transfer the next morning and are fully insured.
· Timing the NSF Check Representment. Our software can time the representment to hit the bank on payday. This provides a greater chance of collection. Traditional methods do not provide the ability to time the collection.

Encore Worldwide Financial is the only financial company in America that makes deposits into your bank account the next morning. Encore's never has access to your funds…this Bank to Bank feature makes Encore' America's Choice For Electronic Check Processing.