eCheck2000

A National Payment Processors Inc. Company.                                Simplifying Payments — Electronically
This article was printed from http://www.echeck2000.com/auth_doc.asp on 11/20/2008 4:40:34 PM

Check Authorization & Verification Documentation

The document below details the methods used for Authentication, the scoring options available and the exception codes used in the Transaction reports .

MatchTrac ™ - Validates ABA/Routing number
VeriTrac ™ - Aaccount status, closed/open/overdraft
CrossTrac ™ - Address/phone cross reference check

Product Descriptions
MatchTrac ™
Verify the validity of a bank routing number. We provide this service through a partnership with Thomson Financial Publishing, the entity that issues routing numbers to financial institutions and maintains the most current information regarding routing number status in a central database. This service is available in "real-time" or by filtering batches prior to processing.

Features: Benefits:
  • Allows lookup of bank name by routing number
  • Quickly identifies data entry errors of routing number
  • Identifies inactive or retired routing numbers due to bank merger or acquisition
  • Identifies financial institutions with valid routing numbers that do not accept ACH transactions
  • Identifies credit unions and financial institutions whose rules do not allow debit or credit ACH transactions to post to savings or checking accounts
  • Available in real-time or batch filtering
  • Reduces "administrative" returns, allowing you to identify bad routing numbers and enables you to make the correction at the point of acceptance instead of after the sale
  • Reduces cost associated with administrative return items

VeriTrac ™
Verifies account ststus. Verify that the account number is recognized through the "STAR" ATM network as an open account and is not currently in overdraft status. Approximately 70% of the financial institutions in this country provide this information to "STAR" and the number is growing daily.

Features: Benefits:
  • Recognizes items drawn on closed accounts
  • Recognizes items drawn on accounts currently in overdraft status
  • Identifies inactive or retired routing numbers due to bank merger or acquisition
  • Identifies financial institutions with valid routing numbers that do not accept ACH transactions
  • Available in real-time or batch filtering
  • Reduces "Account Closed" and "NSF" returns
  • Allows your company to recognize potentially fraudulent transactions
  • Reduces cost associated with return items and collections

CrossTrac ™
Cross-check of address and telephone phone number with Experian's central credit database. Perform real-time authentication of buyers purchasing on-line or over the telephone by cross checking information contained in their credit file.

Features: Benefits:
  • Provides real-time authentication for acceptance of Internet or telephone checks
  • Allows your company to recognize potentially fraudulent transactions
If you have additional questions, please contact us directly by email
or by Telephone at 805-473-0701.