Risk Verification Database Plus
WHAT IT IS:
Risk Verification Database (rVd) Plus combines the historical power of MicroBilt’s Risk Verification Database with multiple banking, retail, and billing sources to predict the current status of the bank account. rVd targets unauthorized and administrative return codes and allows you to accept more payments while reducing “fatal” returns.
Risk Verification Database Plus can accessed via API, batch processing or online interface.
WHAT IT DOES:
Risk Verification Database Plus:
The Risk Verification Database dynamically updates consumer accounts with multiple daily input files. Each record is automated and tracked for timeliness and accuracy.
WHAT IT IS USED FOR:
Risk Verification Database Plus is used to safeguards financial institutions, ACH processors, remote deposit customers, retailers and debt buyers from returns and non-sufficient funds fees.
It also helps businesses manage portfolio risk and is critical to meeting the “know your customers” requirements mandated by banks in an ongoing processing relationship.
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