WHAT IT IS:
Preserve your bank relationships by eliminating ACH returns and converting to eChecks (check images).
WHAT IT DOES:
All transactions are run through our rVd+ Code Model scrub databases to separate high risk of failed transactions from approved transactions.
Fed-Ready eCheck image format is created for all approved items and is delivered to your bank of choice in your name.
Optionally, our Consolidated Returns program routes your returned images to a separate bank to keep your depository account free of most returns and clean for audit and reconciling purposes.
WHAT IT IS USED FOR:
Using an eCheck image is not governed by NACHA and has less restrictive return percentage guidelines. Customers can choose their deposit method based upon risk of return.Meet risk thresholds by eliminating ACH returns with no coding or expensive check image software required.
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