Verification Systems

ATMVerify™

The System that goes beyond check verification. With access to the single largest source of account information in the world, ATMVerify™ offers the most powerful, accurate, and robust verification system.

Currently, over 150 million accounts reside within this network. Participation financial institutions include, but are not limited to, Bank of America, Wells Fargo, Chase, and Citibank

With ATMVerify merchants can now determine- virtually in real time - whether the account is currently overdrawn, frozen, closed, etc. thus ascertaining whether a check is likely to be returned. Think of ATMVerify as your personal assistant who moves from bank to bank, demanding and receiving bank account status on all your customer's check transactions, all at the speed of light. There is no other system available in the market today that offers that type of current account status notification.

FEATURES:

Access to over 145 million consumer dda accounts
Verifies Account Status: Open, closed, frozen, or in a negative balance
Contributing Financial Institutions from Bank of America to Wells Fargo
Transactions completed in seconds
Available for use with any of our on-line solution
Easy to use! link up once and it's ready to go!
Alerts you to suspicious account activity
More than Web-based: link via leased-line, VPN or SSL TCP/IP connections

BENEFITS:

Risk Management - effectively reduces transaction losses
Accuracy - mirrors the FIs records with daily updates
Shortened Risk Window - immediate risk assessment without returned item
Protection - effective solution protecting your bottom-line
Accept More Checks - greater confidence because of reduced risk
Improve Your Bottom Line - less expensive the credit card discount rates

ATMVerify is your check acceptance supervisor. Our computerized system constantly monitors check activity at your locations, while following your customized parameters. For example, you decide how many checks you will accept from any location, employee or staff member. And you decide if they have refund privileges or what amount requires a supervisor OK.

At its heart is a constantly updated record of your customer's check writing information, generated in real-time from our national database; an integral part of any fraud prevention strategy. The timeliness and accuracy that ATMVerify™ provides establishes a true standard in payments protection