Happy Birthday, Randy!
Adding to Randy's warning, don't forget that Reg E's stop payments on preauthorized EFTs are evergreen unless lifted by the consumer, and there is no guarantee that an Originator will honor Nacha's prohibition on re-presentment of a stopped entry.
That said, I agree there is a business decision here, and the chances an item will be re-presented fades over time.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8