check processing services
 

Mitigating Your Risk Through Internet Checks

 
The Speedchex Verification Verification System
If you are considering accepting internet checks, then our Speedchex Verification System is the check verification system for you. This is the most powerful, accurate and robust verification system available, with access to the single largest source of account information in the world.

Currently, over 170 million accounts reside within this network. Participating financial institutions include, but are not limited to, Bank of America, Wells Fargo, Chase and Citibank. And new institutions are joining all the time. Soon the network will include not only the Tier I financial institutions, but will also include Tier II and Tier III institutions (regional and local banks).

With SpeedCHEX check verification merchants can now determine- virtually in real time- whether the account is currently overdrawn, frozen or closed thus determining whether a check is likely to be returned.

Speedchex Verification can help eliminate returned items by verifying if checks are drawn on closed or overdrawn accounts or inaccurate ABA routing or account numbers.

Benefits of Speedchex Verification

  • 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 solutions.
  • Easy to use! Link up once and it's ready to go!
  • Alerts you to suspicious account activity.
Call us toll-free today on 1 866 608 6840 ( ) to talk to a representative about how accepting online checks can benefit your business or get more information about internet checks here.
 
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