What is check re-presentment (RCK)?
Check re-presentment, known in the industry as RCK, is an automated, consumer friendly, electronic process to collect returned checks. For the merchant, the check acceptance process at the point of sale is virtually the same. Youre not bothered with collection issues, instead, your bank mails us all your returned checks. We re-present them up to two times electronically through the Automated Clearing House (ACH). The second re-presentment is on paydays – the 1st or 16th of the month to increase success rates. You are paid 100% of the face amount of the check upon collection. Funds are electronically credited to your account twice a month.
