Check Verification

With SpeedChex Express Verify merchants can now determine - in virtually real time - whether a customer account is open or valid. Now that's cash in your bank.

SpeedChex Express Verify - is a system that goes beyond check verification. This system has access to the largest source of account information in the world.

This is the most powerful, accurate, and robust verification system available.

SpeedChex Express Verify - Benefits

• Fast growing network: Currently works with national banks and regional banks. Soon to include regional banks, single branch banks, and credit unions.
• Quickly learn an account exists, has positive funds, or a check has stop payment.
• SpeckChex uses information from bottom of customer-s check. No pin numbers.
• Process with customer present, not present, retail, mail, telephone, fax, Internet.
• Takes 3 to 6 seconds response time.
• We support dial-up, frame relay, Internet and VPN.
• Easy to start up and simple to use.
• Service charge based per transaction with no monthly minimum*.

* Per transaction price varies based on the average number of transactions your company runs each month.

SpeedChex Express Verify - Features you need to Know:

Query:

You can confirm an account exists and has positive funds. You can also determine if the check has a stop payment, if it's a closed account, if it-s a frozen account or attached, or if the bank flagged account funds as uncollected.

ACH Check Routing Number Verify

This service verifies the validity of a bank routing number. ACH check provides this service through a partnership with Thomson Financial Publishing. They issue routing numbers to financial institutions and maintain current information on routing number status. This service is available in "real-time" or by filtering batches prior to processing.

Response Codes:

This service is designed to verify the validity of a bank routing number. We provide this service through a partnership with Thomson Financial Publishing.

They issue routing numbers to all financial institutions and maintain current information regarding routing number status. This service is available in "real-time" or by filtering batches prior to processing.

POS (positive): Bank accounts found in good standing are approved.

NEG (negative): Accounts in negative standing or don't exist or a rejected with a result status.

UNK (unknown): If an account is submitted from a bank that is not part of the SpeedChex Express Verify- network- transaction is approved with this status.

Contact us now to take advantage of SpeedChex Verify check verification system. Our dedicated financial advisors are ready to help you.