Federal Payments offers a comprehensive suite of risk management tools. One of our most powerful prevention tools in the fight against bad check writers is ATMVerify^®.

ATMVerify^® is able to determine if the account is, as of opening of that business day, an open, valid account with positive funds. In addition, ATMVerify^® can be set to query one or more of the largest negative databases of known bad check writers.

ATMVerify^® can be used at the point of sale, for Web or telephone-based transactions, and a variety of other methods where checking account verification capabilities are needed.

ATMVerify^® can be integrated with your existing systems, shopping cart software or any of our software products such as the VirtualTerminal^TM, DirectBilling^TM or Secure WebPay^TM.

In the past, check verification services have been limited to large negative databases of known bad check writers combined with infrequently updated databases of known good accounts. This method of loss prevention has had very limited success as check losses in the United States has steadily increased.

To determine which risk management products are right for your organization please call 866-764-2002 or contact us today.

 

ATMVerify^® Applications

• Check acceptance at point of sale
• Bill pay (utilities, taxes, license renewals, etc.)
• Online payments
• Telephone or lockbox payments
  

Level II Features

• Participation by most major financial institutions
• Account information updated each business day
• Identify open valid accounts

Level I Features

• Automated real-time sufficient funds verification
• Also identifies closed, frozen and non-existent accounts
• Growing list of participating financial institutions
• Real-Time Check Verification
• Reduce bad check acceptance
• Two levels of verification
• Largest source of account information in the world
• Sub-six second response times
  
• Batch mode option for large volumes
  
  view all risk management solutions