Check Cash Verify

Verification of a bank account will assist in discovering the risk involved with approving a transaction that may come back unpaid. MicroBilt’s Check Cash Verify suite of bank account verification products help reduce losses and increase your bottom line by identifying and managing three main risk elements when cashing checks and making short term loans – maker, consumer and fraud risk.

• Maker Risk: Bank account validation codes and three easy to use risk indicators deliver immediate confidence.
• Consumer Risk: Preset risk indicators give you rapid peace of mind about doing business with this customer.
• Fraud Risk: Confirmation of the SSN and driver’s license, Watchlist/OFAC check and a highly accurate fraud score deliver immediate assurance.

Get the answers to these questions in seconds; allowing you to quickly and efficiently identify good checks and decline checks that represent a higher risk of loss.

Why Take the Risk with Any Check or ACH Payment? Verify It with MicroBilt Bank Account Verification.

Year after year bad checks cost, businesses and consumers alike, millions of dollars in lost revenue and bank fees. For this reason Check Cash Verify suite of bank account verification products offers great value.

Real Time Verification of Bank Account Status

• Open valid account
• Closed account
• Account not located
• Non-transactional account
• Account in NSF status
• Repeat offender of NSF

Fastest Growing Database Available

• Nearly 200 million consumer accounts tracked
• Over 27 million negative accounts (accounts with returned checks)
• Millions of monthly updates (positive and negative)
• Daily updates
• Nearly 90% of all check and ACH transactions
• Track checking accounts, drivers license, SSN