ACH & Credit Card Processing - Check Verification & Guarantee - Payment Gateways Terminals and Software
ACH Credit Card Processing Gateway System

Check Verification

A system that goes well beyond simple check verification.  ATMVerify Level 1 & 2 and NCNVerify™ offer the most powerful, accurate, and robust verification system available. Combining both a real-time verification tool along with a traditional negative data base verification as a back up gives your company the best assurance in accepting checks or electronic ACH payments.

ATMVerify offers two distinct levels of verification. At the highest level of 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. If neither Level 1 nor Level 2 verification produce results, ATMVerify can be set to query one or more of the largest negative databases of known bad check writers, which is the NCNVerify™.

ATMVerify can be used at the point of sale, for Web or telephone-based transactions, and a variety of other methods where checking account verification capabilities are needed. ATMVerify can be integrated with some existing systems, shopping cart software or any of our software products such as VirtualTerminalTM, DirectBillingTM or SoftTerminalTM.

 

ATMVerify Applications

  • Check acceptance at retail (point of sale)
  • Bill pay (utilities, mortgage, insurance, etc.)
  • Online orders
  • Telephone or mail orders
  • Credit card companies

Level II Features

  • Participation by most major financial institutions
  • Account information updated each business day
  • Identify open valid accounts

Level I Features

  • Automated real-time sufficient funds verification
  • Also identifies closed, frozen and non-existent accounts
  • Growing list of participating financial institutions

Real-Time Check Verification

  • Reduce bad check acceptance
  • Two levels of verification
  • Largest source of account information in the world
  • Sub-six second response times
  • Batch mode option for large volumes

In the past, check verification services have been limited to large negative databases of known bad check writers combined with infrequently updated databases of known good accounts. This method of loss prevention has had very limited success as check losses in the United States has steadily increased.

To determine which risk management products are right for your organization fill out our online form or call us toll free at 877-410-8447 today.