Prevent Payment Fraud: Real-Time Account Verification – Know if the account is open before the sale
CONTACT: Michael Rees
eCheck2000
266 Tolbert Place
Arroyo Grande, CA 93420
PHONE#: 805-473-0701
EMAIL: mrees@echeck2000.com
Arroyo Grande, CA -- eCheck2000 announces the release of StarCheck® Verification Service. Using the STAR® ATM-Network and all of its affiliated Banks, eCheck2000 offers businesses and Call-Centers the ability to verify, in real time, the existence and status of checking accounts of member banks. Reaching nearly 70% of all U.S. Checking accounts, including Corporate accounts, this provides real data on the account.
In the fight against "bad" checks, this service provides a defense. Knowing the status of an account (open, in good standing, no bounced checks) before accepting payment lessens the cost of every payment. Says Michael Rees of eCheck2000: "There is no stronger verification available at this time. Someday, actual verification of funds will be available. But until that time, we have StarCheck®."
Combined with an electronic check processing system, Rees says, businesses will realize real cost reductions. "Call-center Operators are particularly vulnerable to bad checks, expensive returns, and high credit card rates," he explains. "Verification and authentication of the consumer and the bank
account history will reduce bad payments and staff costs."
An electronic Check Processor, eCheck2000 provides Automated Clearing House payments, including auto-debits, phone and Internet checks, account and identity verification/authentication and NSF check collection to businesses in the United States. Through a direct connection to the Federal Reserve, eCheck2000 offers business a faster way to collect payments and reduce costs.
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