Real Time Check Verification

VERIFY CHECKS BEFORE ACCEPTING THEM!

Decrease Exposure to Bad Check Writers.

Faced with NSF losses from intentional or repeat bad check writers? e Solutions Real Time Check Verification provides an important fraud prevention tool. By checking a consumer's bank information against a large negative database that contains information on bad check writers, a merchant can reduce the risk of accepting bad checks at the point of sale. Real Time Check Verification is helpful for merchants who would like to start accepting checks, both local and out of state, and/or are experiencing losses from intentional bad check writers.

Real Time Check Verification is an electronic system that allows a merchant to find out if a particular check may be fraudulent or have inadequate funds. The bank account and routing information from a customer's check is entered through a virtual terminal on the Internet. Alternately- and especially useful for those accepting checks in the field- the information can be text-messaged via cell phone. Verification uses the bank routing and account number to check the local and national negative databases on that particular check writer. Then the ATM network is accessed to verify the existence of the account and presence of funds. Up to 70% of all accounts are present in this network. The process takes merely seconds. If the customer's check is denied, a code citing a reason is also returned. The merchant can ask the customer for an alternative method of payment- or he/she can accept the check. The merchant always has the choice.

Reduce Exposure to Fraudulent or NSF Checks with Real Time Check Verification...

Velocity miminimizes risk by tracking a combination of variables to provide trip wires for the intentional bad check writers. The system can review the number and/or total dollar amount of checks written within a defined time period. The merchant can then make an educated decision on whether or not to accept that check.

NO credit card terminals are necessary to use Real Time Check Verification. You need only Internet access or a telephone to verify checks. There are no setup fees and no application fees. Charges are per transaction.


Real Time Check Verification with Electronic Check Recovery

Consumers write more than 60 billion checks in the U.S. annually. Experts believe that total will grow to 70 billion in 2000. Checks are here to stay.

Occasionally checks may be returned, even when approved by this system. Our automated electronic recovery system, Electronic Check Recovery, may be added at no extra cost to improve your collections and cash flow.

• Eliminates NSF bank fees.
  
• Helps retain your customers with "behind the scenes" recovery rather than the traditional annoying calls and letters.
  
• Your customer avoids the embarrassment of having to deal with a "bounced" check!
  

Click here for a pre-registration form