[Chase Paymentech] What is check verification?

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chase-faq

(Dmitry Fedyuk) #1

Check verification is a risk management service that verifies the authenticity of each check and/or its presenter.
eCheck transactions are verified through a third-party database that gathers information from major retailers and banks about bad checks and bank accounts that are in a negative status due to returns for insufficient funds or that have been closed.
While check verification service is not required, this service does help keep your business losses to a minimum.

chasepaymentech.com/faq_payment_processing_information.html