Real Time Check Verification

Access Payment Systems offers a comprehensive suite of risk management tools to help prevent NSF Checks or what most people refer to as a bounced check. Accepting checks is a necessary part of business and the reality is that checks bounce. However, your business can significantly reduce your exposure to the risk of accepting bad checks with our Real Time Check Verification product.

Superior to Check Guarantee Verifications

The Check Verification tool provided by Access Payment Systems is nothing like the standard negative data base product offered by companies like Telecheck and their Check Guarantee service. This Check Verification tool is as close to actually calling the bank itself and verifying the bank account as it gets. In some checking accounts it will actually verify funds to cover the requested amount, and in most checking accounts it will verify that the checking account has a positive balance. Combine this service with our Free Check Recovery service and you have a complete check acceptance program that is a much better value then traditional Check Guarantee programs.

Tiered Check Verification Levels in Real Time

Access Payment Systems offers three distinct levels of Real Time Check Verification. We call this ATMVerify® Level 1 & 2 and NCNVerify. At the highest level of Check Verification (Level 1), ATMVerify® is able to verify in real time, through a direct electronic query to the check writer’s financial institution, if the checking account currently has sufficient funds to cover the amount of the presented check. At the next level of verification (Level 2), ATMVerify® is able to determine if the account is, as of opening of that business day, an open, valid account with positive funds or if the account is currently NSF, closed or cannot be located. If neither Level 1 nor Level 2 verification produce results, you have the option to query one of the nation's largest check verifications negative databases of known bad check writers, which is NCNVerify.

Tiered Check Verification Pricing

At Access Payment Systems our pricing structure for Check Verification is set up as a tiered program. ATMVerify® has a higher cost then NCNVerify since they each provide different types of information. The Check Verification system first queries through the ATMVerify® data base and if it is successful there is only a charge at that level. If you choose to include NCNVerify our Real Time Check Verification system will automatically verify at this level if no data was available through ATMVerify®. In this case you will only be charged for the NCNVerify. If you choose not to include NCNVerify then there will be no charge at all if no data was available for ATMVerify®. Basically you will not be charged for information we could not provide.

A Variety of Real-Time Check Verification Systems

At Access Payment Systems all of our Check Verification solutions can be used at the Point of Sale, Internet, Mail Order or Telephone Order and Batching Processing. These systems include our Virtual Terminal and other software products, Ecommerce, Payments Gateway, Batching and integration of your transaction systems into our gateway. Combine this with our ACH Processing, Credit Card Processing and Identity Verification and you have entire suite of payment services in one system.

Real Time Check Verification is also available in our newest application called the Verifone VX570 Internet based counter top terminal. If necessary you can combine this with a check reader as shown on our Equipment page. This is unique because no other similar Check Verification provider offers this product in a Point of Sale Credit Card Terminal. Combine this with Credit Card Processing and Electronic Check Conversion and you would have the most powerful Point of Sale Terminal set up available today.