NSF Client Agreement

This processing agreement ("Agreement") is made and entered into as of and between Pace Laser Products, dba Affordable Checks, (referred to as "Company") whose principal place of business is located at 214 South Main Street, Williamstown, KY 41097, and (referred to as "Client") whose principal business address is: City: State: Zip Code:

THE FOLLOWING SERVICE IS AVAILABLE AND AGREED TO BE PROVIDED BY THE COMPANY:

Electronic Check Re-Presentment (RCK), a process whereby NSF (non-sufficient funds) checks are converted into electronic debits and originated through the Automated Clearing House (ACH) Network. Client's bank account will be credited every seven (7) business days on collected checks. Company shall retain any fees collected from the check writer.

Agreement:

The COMPANY agrees to originate the outlined transactions on behalf of the CLIENT and to provide the above-named services to the CLIENT through RBF Services, Inc., dba Bottom Line Services.  The COMPANY shall be responsible for transmitting entries through a third party originator to the Federal Reserve Bank, and settlement into the CLIENT’S bank account.

The PROCESSOR shall be entitled to rely on any written notice or other written communications believed by it to be in good faith and signed by the Authorized Representative.  Any such communication shall be deemed to have been signed by such person.

The CLIENT agrees, represents, and warrants that the CLIENT will take all necessary steps to follow NACHA (National Automated Clearing House Association) Rules, all laws and regulations, including Regulation “E” and the Electronic Funds Transfers Act regarding Electronic Check Re-presentment and concerning both the face amount of the check and the returned check service charge transaction currently in existence, and as outlined in the PROCESSOR welcome package being sent to the CLIENT.  

Termination:  This Agreement may be terminated with written notice by either party.  This Agreement shall automatically terminate if the CLIENT fails to maintain a bank account at:
Bank Name:
Bank Routing No. Account No.

Please Check ONE: (Optional enrollment) Yes    No

Secondary Collections: The CLIENT agrees that if the check items cannot be collected electronically (account closed, etc.) they will be sent to a third party collection agency at no charge to the CLIENT. Any check items that cannot be processed or collected electronically will be returned to the CLIENT if the CLIENT opts not to use a Secondary Collection Agency.

Governing Laws:  This Agreement shall be constructed in accordance with and governed by the laws of the State of New York and the NACHA rules.

 In Witness whereof the parties hereto have caused this Agreement to be executed by their duly authorized officers.

PRIMARY LOCATION:    _{*Please PRINT}

Business Name (Client) Date

Street Address City, State, Zip Code

Phone () FAX () E-Mail Address

Signature Name/Title