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Check verification service is used to check the validity of the check or the credibility of the provider. Check verification will help to reduce check returns, refunds and will help validate account information, and also help validate the user transaction history whether the user is a credible user or whether there is sufficient amount in the bank. The account is validated for it having a valid active account this helps in reducing frauds. The checks are sometimes verified instantly so that those who do online transactions using checks can process it quickly. By entering the account information the account details are verified and validated.

Steps in check verification

The clients are required to enter the bank account details for instant verification of the account. Confirm that online checks have a valid and active account and check whether the account has sufficient account balance. The account is scanned and verified by sending it to a database if valid and authenticated then the check is processed or else it is declined.

check verification

There are several methods for check verification

Negative check database: This has a list of people whose account has insufficient balance in their account and has a check return history. This database stores the information for long time, so once the names get on the list then they will be there in the list for a long time. When the check is given for verification then it is checked in the database for any hits if there are no hits then check is processed else it is declined.

Account history database: This Database has list of all people and account numbers who have history of check returns. This keeps the list of accounts with return history for a long time not the personal details. When check is given for processing this database is searched for any similar accounts if there are any similar transactions then it is blocked.

Routing number verification: Routing number verification will Cross refer routing number with the bank, it is valuable against fraudulent checks and for account validation. When the check is given for verification then it is checked in the database for any hits if there are no hits then check is processed else it is declined.

The check verification services are necessary to find out fraudulent checks that could create a huge loss. The check verification services are done to find out whether an account is valid or not and today clients who pay bill by check requires verification services, for the safe and secure check transactions.