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Check Representment

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Check Representment
A process in which a check is deposited as many times as is necessary in order for it to clear. That is, if a check does not have sufficient funds in the account to be deposited, the bank continues to deposit it until funds become available and the check finally clears. This allows the recipient of the check to (eventually) receive funds on a check that would otherwise bounce and saves the writer of the check from having to pay an NSF fee.


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More than half of these ACH check representments (about 12 million) were themselves returned.
As a member of the LML group of companies, we will continue our high level of service, but are also in a position to deliver additional service options including: Electronic Check Representment and LML's patented Electronic Check Conversion services.
Under the agreement, HIMC/Fast Transact will develop check imaging, check verification, check representment, credit card processing and online billing payment solutions to be integrated into Vermont's POS (Point of Sale) terminals.
 
 
 
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