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Electronic Check Re-Presentment (RCK) Simplifies and Improves your Collection Process Copyright © 2005 EFT Electronic Check Re-Presentment (RCK) Simplifies and Improves your Collection Process Copyright © 2005 EFT Network, Inc. All Rights Reserved.

Improve Collection Process Retail Owners, and Collection Agencies can simplify and improve their collection Improve Collection Process Retail Owners, and Collection Agencies can simplify and improve their collection process by replacing traditional method of collecting returned Non-Sufficient Fund (NSF) checks with EFT Network’s Electronic Check Re-Presentment (RCK). RCK is the conversion of a paper check returned and marked NSF (or uncollected funds) from a bank into an electronic check for presentment through the Automated Clearing House (ACH) § Yields a 25 -35% higher rate of recovery than paper checks § Save time and money in the costly collection process, as well as bank redepoist transaction fees § Virtually eliminate the expense of lost revenue due to NSF checks § Unlike a paper check, you don’t have to wait weeks to find out if a check has been paid or returned, you will know in days § Electronically re-presentments to coincide with likely consumer deposits, such as paydays § A combination of strategic timing and faster processing, you will experience an increase in recovery rates 1

RCK Guidelines § Consumer checks only, NO commercial checks § Limited face value; Checks RCK Guidelines § Consumer checks only, NO commercial checks § Limited face value; Checks less than or equal to $2, 500 § Maturity; 180 days from date written on the check § For NSF / uncollected balances only § Re-presentment: Three tries to collect your funds - Any combination; electronic or standard 2 to 1 or vise versa § Customer Information: Visible customer notification to inform check writers (Signage posted at the point of sale) 2

Key Features § Electronic NSF checks can be re-presented 2 additional times, as opposed Key Features § Electronic NSF checks can be re-presented 2 additional times, as opposed to only 1 time in paper form § Higher recovery rate. Improve your overall collections and payment efficiency § Electronic items can be strategically timed to coincide with traditional ‘pay-days’, ie. Fridays, or the 15 th or 1 st, thus increasing likelihood of successful collection § Customers returned to paid status sooner § NSF checks can be collected without verbal communications 3

Technology Behind RCK Technology Behind RCK

Step-by-Step 1. The Consumer presents a completed check to the Merchant, who stamps the Step-by-Step 1. The Consumer presents a completed check to the Merchant, who stamps the RCK endorsement stamp on the back of the check authorizing the ACH transaction. 2. Merchant deposits check into his bank account. Merchants Bank 5

Step-by-Step 3. 4. The Check is returned NSF from the consumer’s bank. The Merchant Step-by-Step 3. 4. The Check is returned NSF from the consumer’s bank. The Merchant is charged a NSF fee by the bank. 5. Consumers Bank Consumer’s bank pays the Merchant’s bank. NSF Checks are sent to the Collection Agency. Merchants Bank F NS $ NSF Checks Collection Agency 6

Step-by-Step 6. Collection Agency sends the checks to EFT Network for ACH processing. NSF Step-by-Step 6. Collection Agency sends the checks to EFT Network for ACH processing. NSF Checks ACH Network 7. 7 Upload files into your in house accounts receivable system.

EFT Software EFT Software

Web Browser § Go to your browser and access the web-site § Log onto Web Browser § Go to your browser and access the web-site § Log onto www. redeposit. com § Select Customer Login on the left navigation 9

Customer Login § Enter your customer information all in uppercase letters. - File Code Customer Login § Enter your customer information all in uppercase letters. - File Code - User Name - Password § Select OK 10

Welcome Page § Here you can access: - Transaction cut-off times - Notification of Welcome Page § Here you can access: - Transaction cut-off times - Notification of results status - Customer Survey & Daily Messages 11

Main Menu Enter Checks into RCK Product Send Items to EFT for Processing View Main Menu Enter Checks into RCK Product Send Items to EFT for Processing View Settled Files 12

Enter Checks Unbatched Transactions List Enter Check Data 13 Enter Checks Unbatched Transactions List Enter Check Data 13

Batch Out 14 Batch Out 14

View Results Files 15 View Results Files 15

Benefits for, YOU § Complimentary use of our software without the need to purchase Benefits for, YOU § Complimentary use of our software without the need to purchase additional equipment § 24/7 access to images of NSF checks available via our secure website § Seamlessly upload detailed paid data file to your accounts receivable system § User-friendly interface requiring only internet access § Recover your returned items as quickly and cost-effectively as possible 16

Conclusion Electronic Check Re-Presentment simplifies and improves your collection process by replacing the traditional Conclusion Electronic Check Re-Presentment simplifies and improves your collection process by replacing the traditional method of collecting returned Non-Sufficient Fund checks. § Electronically represent NSF checks 2 additional times, as opposed to 1 time § Save time and money in costly collection process, as well as bank redeposit transaction fees § Virtually eliminate the expense of lost revenue due to NSF checks § Real-time verification database reduces risk of accepting bad checks and collection costs § NSF checks can be collected without verbal communications § Electronic items can be strategically timed to coincide with traditional ‘paydays’ 17

EFT Network, Inc. is Committed to Providing Superior, Affordable, ACH and Check Processing Solutions EFT Network, Inc. is Committed to Providing Superior, Affordable, ACH and Check Processing Solutions 18

Getting Started EFT Network, Inc. 245 Saw Mill River Road Hawthorn, NY 10532 Tel: Getting Started EFT Network, Inc. 245 Saw Mill River Road Hawthorn, NY 10532 Tel: 914. 747. 3222 Fax 914. 747. 7218 www. redeposit. com Contact: Alex Bacon, Vice President of Sales & Marketing E-mail: [email protected] com 19