
Federal Check Recovery Inc. of Columbia, Mo was recently purchased by The Federal Payments LLC division of the ePayments Group of Companies, a leading electronic payments processing and support services company
As a part of the deal ePayments Corp.'s Federal Payments division will acquire the electronic check recovery accounts of Federal Check Recovery, increase staffing and continue to work with the former company management.
Checks returned for non-sufficient funds (NSF checks) can be recovered electronically according to the rules of National Automated Clearing House Association (NACHA). Leveraging the power of the Automated Clearing House (ACH) Network ePayments Corp. recovers funds from the check writer's account for the amount of the check and also recovers state-allowed processing fees.
ePayments Corp.'s Denver offices will handle account management and later additional staffing is expected to be added due to the rapid growth of the Federal Payments division.
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