BillingTree Check Collect™
RCK Paper-Check Re-Presentment
By directing returned checks from your current depository banks to BillingTree, businesses can take advantage of unique cash-management strategies not available with the typical return process and collect as much as 85% of NSF items through automated re-presentment.
With BillingTree CheckCollect, businesses can benefit from volume-return check pricing, enhanced cash-management strategies, and superior reporting features. When you centralize your returned checks, you not only centralize the volume, but also localize the risks associated with those transactions, thus allowing easier management.
The Way the Process Works
- Merchants deposit their checks into their local banks.
- Local banks send their checks to their check-writers' banks.
- Check-writers' banks make a "pay" or a "no-pay" decision.
- Check-writers' banks send all of their "no-pay" checks to BillingTree.
- BillingTree manages the returns by resubmitting the checks twice on strategic dates.
Merchant Benefits
- BillingTree re-presents your returned items through the Automated Clearing House (ACH)
- BillingTree alleviates collection issues, allowing you to focus on your core business more fully.
- To increase success, BillingTree re-presents checks a second time on strategic dates.
- Merchants are paid 100% of the face amounts of the checks upon collection.
- Electronic processing accelerates posting.
- Comprehensive payment options are available.
