iCheckGateway.com's Check Verification...
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iCheckGateway.com's Check Verification Service The unparalleled check verification service provides online, real time access to positive and negative account information, as well, as check level status.ICG-Verify identifies items at the point-of-sale which assists in the elimination of potential fraud and reduces the likelihood of returning unpaid items. Our system is designed to position companies to protect themselves from costly financial loss, by strengthening and protecting their ability to identify possible fraudulent transactions, while conducting good business. With extensive national coverage of both positive and negative information, ICG-Verify service is a powerful tool that helps boost merchants’ and banks’ overall check acceptance risk management strategy. Verification is instantaneously accessed prior to sending a check file to bank. Check Verification Enables you to: Take preventative action before a loss is incurred. Verify checking account status in real-time. Access the most current status information on checking accounts. 5 Unique and Cutting Edge Technologies / Services utilized as a stand - alone service or as a complete suite. ICGBasic™ - Validates Routing Numbers. ICGProprietary™ -ICG's Proprietary Negative Data base -consists of tens of millions of bad account and negative items. ICG Real-Time - Real-time Status on Accounts (via Financial Institutions). ICG Negative Data - Negative Data Base Providers. ICG Private Bad Check List - Create your own Private List. Account Status - Responses indicate what a paying financial institution reports at the end of the prior day’s processing cycle. This is in sharp contrast to shared negative databases that wait for the returned check data before the information is made available. High Risk Informational Closed Accounts Open Valid Account Non Transactional Account Account in NSF Status Account Not Located Closed Account / Unable to Locate Repeat Offender of NSF Stop Payment As fraud continues to reach new levels of sophistication, the speed in which current and accurate information is available to detect, prevent and deter fraud becomes critical. Our verification service instantly accesses both real-time account status data and check writer history across multiple historical data bases (updated every 12 seconds) allowing for “real time”verification when the customer presents a check as payment in person or online. The key benefit here is taking preventative action prior to incurring a loss. JRE Virtual Architect / iCheckGateway.com 1092 Duval Street, Suites 120 & 130 Lexington, Kentucky 40515 Office: 859.309.1634 Fax: 859.278.4600 http://JREVirtualArchitect.com http://iCheckGateway.com
Transcript of iCheckGateway.com's Check Verification...
iCheckGateway.com's Check Verification ServiceThe unparalleled check verification service provides online, real time access to positive and negative account information, as well, ascheck level status.ICG-Verify identifies items at the point-of-sale which assists in the elimination of potential fraud and reduces thelikelihood of returning unpaid items. Our system is designed to position companies to protect themselves from costly financial loss,by strengthening and protecting their ability to identify possible fraudulent transactions, while conducting good business.
With extensive national coverage of both positive and negative information,ICG-Verify service is a powerful tool that helps boost merchants’ and banks’overall check acceptance risk management strategy. Verification isinstantaneously accessed prior to sending a check file to bank.
Check Verification Enables you to:
Take preventative action before a loss is incurred.Verify checking account status in real-time.Access the most current status information on checking accounts.
5 Unique and Cutting Edge Technologies / Services utilized as a stand -alone service or as a complete suite.
ICGBasic™ - Validates Routing Numbers.ICGProprietary™ -ICG's Proprietary Negative Data base -consists of
tens of millions of bad account and negative items.ICG Real-Time - Real-time Status on Accounts (via Financial Institutions).ICG Negative Data - Negative Data Base Providers.ICG Private Bad Check List - Create your own Private List.
Account Status - Responses indicate what a paying financial institution reports at the end of the prior day’s processing cycle. This isin sharp contrast to shared negative databases that wait for the returned check data before the information is made available.
High Risk InformationalClosed Accounts Open Valid AccountNon Transactional Account Account in NSF StatusAccount Not Located Closed Account / Unable to LocateRepeat Offender of NSF Stop Payment
As fraud continues to reach new levels of sophistication, the speed in which current and accurate information is available to detect,prevent and deter fraud becomes critical. Our verification service instantly accesses both real-time account status data and check writerhistory across multiple historical data bases (updated every 12 seconds) allowing for “real time”verification when the customer presentsa check as payment in person or online. The key benefit here is taking preventative action prior to incurring a loss.
JRE Virtual Architect / iCheckGateway.com 1092 Duval Street, Suites 120 & 130 Lexington, Kentucky 40515 Office: 859.309.1634 Fax: 859.278.4600 http://JREVirtualArchitect.com http://iCheckGateway.com
