The ACH or electronic check world lacks the authorization component present with credit cards. Unlike credit cards, where you are able to authorize at the time of payment, ACH processing takes 3-5 days in average and therefore requires a reliable Bank Account Verification Online Service to mitigate payment acceptance risk.
Bank verification is a crucial step in the ACH transfer process as it validates that both parties have valid accounts. Without it, participants risk misdirected funds, which could result in an ACH return code.
AcuityTec's Bank Account Verification solutions allow your business to validate that the account is open and in good standing before the authorizing a transaction or before the account is loaded into a recurring billing engine. Therefore data entry errors or possibly closed account or even fraud can be caught before completing the sale.
Request your Bank Account Verification Service here
Customizable levels of security based on known fraud parameters and behaviors, transactions are screened and given a risk score.
AcuityTec combines big data reporting analytics with premium global consumer data services and several authentication features, applying sophisticated predictive risk assessment for account creation and transaction processing levels, identifying suspicious users and stopping fraudulent transactions.
- Transaction/Registration risk scoring
- Customizable levels of security based on known fraud patterns and behaviors
- Automatically Reject transactions based on High Score threshold and targeted risk alerts
- All parameters and data verification results are Multi-Source Rule Logic friendly—meaning can be combined into a rule without limitation to a specified source.
Acuitytec Video Series Featuring "Our Solutions" Presented by Professor Lock
.png)
.jpg)
