Copyright © 2005 EFT Network, Inc. All Rights Reserved. Electronic Check Re-Presentment (RCK) Simplifies and Improves your 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 Improve Collection Process 1

 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) RCK Guidelines 2

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

Step-by-Step 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. 1. Merchants Bank Merchant deposits check into his bank account. 2. 5

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

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

EFT Software

 Go to your browser and access the web-site  Log onto  Select Customer Login on the left navigation Web Browser 9

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

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

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

Enter Checks Enter Check Data Unbatched Transactions List 13

Batch Out 14

View Results Files 15

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

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’ Conclusion 17

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

19 EFT Network, Inc. 245 Saw Mill River Road Hawthorn, NY Tel: Fax Contact: Alex Bacon, Vice President of Sales & Marketing Getting Started