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A Guide to Implementing a
Re-Presented Check Entry Program
Are you tired of wasting time and money trying to collect on checks returned for insufficient funds (NSF)? Now there's a
faster, cheaper, more efficient way-re-presenting checks electronically through the ACH Network! The Guide for Implementing a Re-Presented Check Entry Program has been developed by experts at
the National Automated Clearing House Association (NACHA) to help you take advantage of this new application. In it you'll find everything you need to determine if a re-presented check
program is right for your organization and how to comply with the new RCK rules. Topics include:
· Background, benefits and economic incentives
· Issues for originating companies to consider
· ODFI responsibilities
· RDFI responsibilities
· Consumer issues and rights
A handy cost/benefit analysis worksheet is also included, as well as lists of frequently asked questions from the financial
institution and consumer point of view. The legal aspects of re-presented checks (what's legal, what's not, rights and limitations for all participants), the rule amendments taking effect in
1998 and 1999 and formatting requirements are also covered in depth. If you are a biller, retailer, third party service provider, ODFI, RDFI or legal counsel for any of these, you owe it to
yourself and your customers to explore the benefits of exciting new application.
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