Create RCK (Re-presented Check Entry) Payment
You use the Create RCK Payment page when creating a Re-presented Check Entry payment for a returned check.
Batch Information
The details in the Batch Information section apply to the entire payment.
Detail | Description |
---|---|
Company Entry Description | Displays REDEPCHECK to identify the transaction as an RCK payment
The text displays in the Batch Name column for pending or processed ACH payments, unless the payment is based on a template, in which case the Batch Template name is used. |
Originating Account | The account from which the payment originates |
Originating ACH Company ID | The code that identifies the originator
A company account can have multiple ACH company IDs. When this is the case, the page provides a list from which a company user can select the ID that should be used for the payment. |
Company Discretionary Data | Additional information to identify the transaction
This field must not exceed 20 characters in length. You can use this to include a description of the payment, an employee name, a vendor number, or a combination of transaction details. |
Offset Creation Level | Indicates how settlement records should be generated for the batch
Options are as follows:
Note: This option appears only when your company is configured for balanced ACH files.
|
Effective Date | The date on which you want the payment settled for all recipients in the batch
The standard effective date is supplied, but the date may be changed by typing it or selecting it from the calendar. Be sure to allow enough time for processing. The system checks the following conditions to determine whether an entered date should be allowed:
|
Workflow | Options for the final steps in the workflow
The options are as follows
Note: This option appears only when your company is configured for balanced ACH files.
|
Recipients
You can create new recipients by selecting them from a list, creating them, or by importing the information from a file. After adding one or more recipients to the payment, the list displays the following details and options for each recipient.
Column | Description |
---|---|
Recipient Name | Official name of the recipient |
Recipient ID | An identifier for the recipient |
Bank ID | The bank routing number of the account |
Bank Name | The bank name for the recipient account |
Account Number | The number of the recipient's account |
Account Type | The type of account:
|
Check Number | The number of the check returned due to insufficient or inaccessible funds |
Amount | The amount to be credited to or debited from the account
Click the Zero All button to quickly change all amounts to zero. |
Additional Fee | An additional amount charged as a fee for the returned check. Since the fee is optional, it can be zero.
When an amount is entered, system generates (during batch execution process) a PPD record for the fee amount. In the ACH payments list (pending or processed), a single payment record is displayed for the total RCK debit amount, the check amount plus the fee amount. Note: It is not necessary for the user to be entitled for PPD.
|
Disc. Data | Discretionary data is an optional code specific to the originating financial institution that enables specialized transaction handling.
This field is two characters. Depending on the needs of the originating financial institution, it can either hold a single two-character code or two distinct one-character codes. |
Status | One of these statuses:
Note: Prenotes are not applicable to this payment type.
Click the Set All button to quickly change all the recipient transactions to the same status (Active or Hold). |
Remove | To remove the recipient, click (the Delete Icon). |