Autoscribe’s Account Verification Service is a valuable tool for mitigating risk associated with ACH or electronic check payments by verifying the status of a U.S. checking account. Using a combination of real-time account verification and proprietary data, we enable the end user to make informed decisions about payments and pending transactions, which allows you to identify high risk transactions and significantly reduce the number of potential return items.
Account Verification is a fast, easy and cost effective solution that can be integrated into many different processing environments. You can obtain separate Routing Number Verification services through Lyons Commercial Data, a division of Autoscribe Corporation.
Account Verification services include:
- iBankRegistry™ Online Account Verification Tool
- iBankRegistry™ Account Verification Web Service
You provide a routing number, an account number and transaction amount, and we will provide you with one of the following responses: “Accept”, “Deny”, “Insufficient Information” or “No Account Experience Available”.
It is important to note that the information that we use is extremely recent and reliable, and doesn’t rely on old historical data for making current day decisions
In addition to separate Account Verification Services offered by Lyons it can be used in conjunction with PayAgent and coming soon on PayIVR, PayWeb and Payment Vision's ValidPay engine.
Complete our online request form to learn more about this and other risk-mitigating services including bank routing number validation and OFAC screening.