LML PAYMENT SYSTEMS

Our Electronic Check Re-Presentment (RCK) service significantly increases recoveries from returned checks, by re-presenting them for payment electronically with greater speed and higher priority than traditional paper re-deposit allows.

When eligible paper checks are returned to our merchant clients or to the merchant’s bank due to insufficient funds in a checkwriter’s account, they are forwarded to us for electronic processing. We capture the bank account information from the returned check, and resubmit the item electronically through the facilities of the Automated Clearing House ("ACH") Network.

Electronic items are easier to process, are re-presented for payment more quickly than paper items, and generally are given priority in the re-presentment process over paper checks.

In addition, earlier entry into our checkwriting databases reduces the opportunity to pass multiple bad checks.

We offer RCK services on a standalone basis or as part of a package of services that may include Collections services.

If you are having to deal with bouncing checks, our RCK service may be part of the solution. Contact us for a free cost analysis today.

For more information about us, contact LML Payment Systems – consumer friendly, merchant driven.