Stop Bounced Checks with Check Processing Service

A cost-effective, real-time verification and risk management solution for merchants that process a high volume of check transactions. If you get a lot of checks and a significant number of bounced checks, check verification or what is known as check processing service is what you need for your business.

Large merchants who want to keep away from the expenditure of full-service check verification have traditionally maintained their own databases or else used day-old, spread harmful records. The internal solutions have become fewer successful with the increased complexity and frequency of fraud. With the TeleCheck® Live Verify solution, merchants possess access to one of the most present and wide-ranging check writer negative and activity databases, and risk management tools to protect against fraud and minimize returned checks.



The TeleCheck Live Verify service provides merchants with dynamic, real-time negative and activity databases for all transactions. Additionally, it uses a proprietary switch that forwards higher risk transactions to ample risk management systems. The patent-pending TeleCheck Live Verify service is the first hybrid solution of its kind and is accessible for merchants that flow a lofty volume of transactions. It's the very same service that companies like Walmart use to protect against bounced check events.



How It Works



At the point-of-sale, merchants send out check transactions to TeleCheck in favor of verification. Through the authorization flow, TeleCheck filters the check writer transaction data through the TeleCheck databases and risk management tools to evaluate the check writer's history.



A proprietary switch directs higher-risk transactions through the cutting edge adaptive decisioning and scoring procedure for full risk management evaluation. This smart switch helps increase expose prevention and lessen cost on behalf of merchants.