FREE Electronic Check Recovery (ECR) flow chart

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You deposit a customer’s check, and it bounces at your bank.

   
FedPay USA    

Your bank charges the check against your account and forwards it to our national processing center.

   
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We re-submit the check electronically two times via Automated Clearing House (ACH).

 

If the customer has the funds, the check clears and the money is directly deposited into your account.

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If the customer still does not have the funds, we send the dishonored check to our hard collection division.

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If our collection division collects on the check, 90% of the check’s face value is directly deposited into your account

If our collection division is unable to collect on the check, it is returned to you.

   

Checks represent more than 75 percent of total receivables for over two-thirds of small businesses.

Process