DIRECT VERIFY
Direct Verify Check Verification/Credit Evaluation allows business organizations to utilize Electronic Check Check Reader
Terminals or software to access and communicate with the Direct Verify National Database Host Computer to evaluate check writer status and credit
worthiness.
Benefits of Direct Verify:
- Direct Verify is the most comprehensive first line of defense used to identify potential bad credit risk individuals
or bad check writers before accepting their checks
- Direct Verify virtually eliminated the recovery costs of bad checks through reducing the chances of accepting bad
checks to begin with and reduces offering credit to individuals that are a credit risk.
- Any time Direct Verify is used as a addendum to other ACH direct products, it creates and overall protection that
offers the least risk and cost for business organizations to accept check or offer credit.
- Optional check guarantee offered, or ask about free recovery and collection.
Why use Direct Verify?
Direct Verify Member realize that the three most important characteristic of the Direct Verify National Database are the accuracy, timeliness and
comprehensiveness of the database information. It is Paramount that the accessible data is the most accurate, up to date, comprehensive information available
to guard against bad check writers, credit risk and fraud.
How Direct Verify Works:
Direct Verify integrates with a Check Reader or software and check the National Databases against bad check writers.
Unlike other services that wait days or even weeks to update their database information, ACH Direct utilized velocity
technology to update the Direct Verify National Database with the latest possible check writer and credit information. Through the use of velocity
technology, merchants, Businesses and banking institutions from all across the nation, contribute up to the minute critical credit data or
"CCD", along with check writer status information to the Direct Verify National Database. In the way ,the velocity database is constantly
being updated with customer information form these and other members.
When the Direct Verify National Database is accessed by members, a check writer's status or CCD are electronically compared
against the velocity database and evaluated by the business organization to determine check acceptance or potential offer of credit based on the
individuals score. Direct Verify will warn the business organization if an individual is identified with the database as a previous bad check writer
and or has a low score with regard to credit worthiness. In the case, the business organization may elect not to accept a check or offer credit to
the individual and may ask of another form of payment. In addition, the individual is offered information about how to contact ACH Direct
for further explanation of how to resolve any discrepancies with any of the Direct Verify members. Once an individual's discrepancies are
resolved the database history information is updated and the customer may once again be in good standing with the Direct Verify members.
Who Uses Direct Check?
Direct Check is primarily with the point of sale or environment to evaluate check writer status and credit worthiness, however, Direct Verify may
also be used as an additional security measure with Electronic Check Conversion or other forms of ACH -EFT type debits.
Direct Check Virtually Eliminates the Costs of Bad Checks by
reducing check handling costs, NSF items, NSF fees, and in may cases the elimination of costly check guarantee service.
To Get Started with Direct Check:
1. Fill out this Direct Check Application
2. Purchase Direct Check Reader
CheckProcessing.com Products:
ACH Direct Product Line:
