ATMVERIFY™ offers two distinct levels of verification. At the highest level of verification (Level 1), ATMVERIFY™ is able to verify in real-time, through a direct electronic query to the check writer's financial institution, if the checking account currently has sufficient funds to cover the amount of the presented check.

At the next level of verification (Level 2), ATMVERIFY™ is able to determine if the account is an open, valid account with positive funds as of opening of that business day.

If neither Level 1 nor Level 2 verification produce results, ATMVERIFY™ can be set to query one or more of the largest negative databases of known bad check writers.

ATMVERIFY™ can be used at the point of sale, for Web or telephone-based transactions, and a variety of other methods where checking account verification capabilities are needed. ATMVERIFY™ can be integrated with your existing systems, shopping cart software or any of our software products such as VirtualTerminal™, DirectBilling™ or SoftTerminal™.

Level I Features

• Automated real-time sufficient funds verification
• Also identifies closed, frozen and non-existent accounts
• Growing list of participating financial institutions

Level II Features

• Participation by most major financial institutions
• Account information updated each business day
• Identify open valid accounts

In the past, check verification services have been limited to large negative databases of known bad check writers combined with infrequently updated databases of known good accounts. This method of loss prevention has had very limited success as check losses in the United States has steadily increased.

To determine which risk management products are right for your organization, e-mail info@net30solutions.com or call 888-257-4531 today.

ATMVERIFY™ IS PERFECT FOR:

• Taking checks over the phone
• Mail order checks
• Receiving payments on-line
• Point-of-Sale purchases (retail)
• Bill pay (utilities, mortgage, insurance, etc.)