Payment Chek® screens payment items through a single inquiry to help identify high-risk payments, validate account ownership and status, and reduce non-sufficient funds returns, administrative returns, and misdirected payments.
Validate payments before funds move with network-informed intelligence.
Screen inbound payments in real time to identify high-risk transactions and potential returns. Enables institutions to help reduce potential fraud, improve efficiency, accelerate posting, and confidently apply payments across accounts, cards, loans, and mortgages.
Validate outbound payments and disbursements in real time by confirming external account ownership and status. Helps institutions prevent misdirected or fraudulent payments, reduce potential fraud losses, and identify high-risk transactions before funds are sent.
Enables real-time validation and enrollment of payment source and destination accounts, reducing fraud and misdirected payments while supporting a seamless, low-friction customer experience.
Helps validate account ownership and authorization to ensure wire and ACH payments are credited to the intended individual, helping reduce fraud losses tied to unauthorized check and ACH transactions.
Helps meet Nacha WEB Debit Account Validation requirements to help detect and mitigate fraud. Automates AR and AP processes to help reduce costs and misdirected payments, with controls configurable to your risk needs.
Real-time payment screening can help detect potential returns early, reducing manual collections work and the operational burden of fraud investigations.
Helps enable faster, more consistent payment decisions across channels, helping legitimate payments post smoothly with less friction.
Helps prevent fraud loss by reducing incoming NSF returns and validating outbound transactions before funds are released.
Embedded machine learning models assess the likelihood of check and ACH returns within 30 days to help support confident risk decisioning.
Risk insights are returned for over 90% of payment items reviewed across the Certos℠ network to help identify high-risk transactions in real-time.*
A customer initiates a check, ACH, or wire payment.
The financial institution submits a real-time inquiry to the Certos℠ network to evaluate the payment risk.
Certos℠ responds with insights on account status, ownership, account type, and potential risk of processing the payment.
The institution uses the response to confidently post, hold, or decline the payment based on its risk strategy.
*
Early Warning Services, LLC. (2024). Internal Analysis of National Shared Database℠ Inquiries. Unpublished.
Enhanced Payment Chek® tools
Payment Chek® brings multiple payment risk indicators together in a single solution to help institutions evaluate payment risk with confidence. From account status and ownership validation to real-time, proprietary risk scoring and return likelihood, these tools work together to support accurate, efficient, and secure payment decisions across inbound and outbound transactions.
Provides unparalleled visibility into the return risk associated with check and ACH transactions, as well as the historical status of transactions drawn from the presented external account.
Data Provided: A proprietary risk score
Indicates the open, closed, or overdrawn status of the presented external account as well as whether an item is drawn from a new account, credit card, brokerage, or other type of account.
Data Provided: A status code summary
Validates that an individual being inquired upon owns, or is authorized to transact on, an account.
Data Provided: A Yes/No response and match score
Helps detect potential counterfeit or duplicate items by analyzing transit data, ACH activity, and recent account return patterns.
Data Provided: An item-level response
The Certos℠ network brings together decades of shared intelligence and advanced analytics to provide a comprehensive portfolio of identity, account, and payment risk solutions, offering deeper insights than any institution can achieve alone.
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