- Execute faster payments and reduce costs with support for all ACH Same Day windows.
- Capitalize on growing demand for Same Day ACH (50% increase in dollars processed YOY 1H2023).
- Improve compliance with lending specific built-in features.
- Gain flexibility with late cut-off times and non-banking day processing
Better Loan Funding. Better Loan Repayment.
Fast, convenient, and secure payment and verification solutions to improve your loan funding and repayment with industry-leading service and compliance expertise.
Integrated to Answers, Etc.
Our integration to Answers, Etc. makes it easy for you to improve your loan funding and loan repayments. Access our full-service payment and verification solutions from right within the Answers, Etc. platform.
- Attract more borrowers with instant fund disbursements to a debit card, anytime.
- Improve loan repayment by enabling the consumer to repay the loan leveraging the same debit card.
- Streamline access through single API for PCI DSS Level 1 Certified real-time funding and debit payment processing.
- Simple, secure, real time funding and debit payment processing utilize a single API, providing dual access to the full universe of card networks through a straightforward, secure, PCI compliant platform.
- Shared Tokenization -reuse of same token across card payments and verify solutions.
Initiate, clear, and settle in seconds — that’s the power of RTP. Now you can seamlessly and instantly give consumers the funding they need anytime, anywhere 24/7/365.
- Improve customer experience with immediate funds availability.
- Streamline loan repayment and reduce first payment defaults by utilizing same bank account as ACH.
- The RTP network has access to >65% US based checking accounts and growing.
Take control of loan repayment processing and return rates with Remotely Created Checks (RCCs), an efficient alternative when return rates exceed ACH thresholds. RCC creates a digital representation of a paper item (eCheck) using authorized consumer checking account information, excluding the original signature.
- Improve compliance in alignment with the Uniform Commercial Code (UCC), Reg CC, Reg J, and the Check 21 Act.
- Gain flexibility with Batch and API integration options.
- Gain visibility with a full-service online merchant portal with Cloud-based reporting and Virtual Terminal.
- Automate billing, payment acceptance, and customer management.
Gain comprehensive insights into specific credit, debit, and prepaid debit cards. By harnessing a wide array of data points, Card Verify delivers precise, enriched card data in seconds. It serves as a valuable decision tool, applicable in online and offline environments.
- Simple, secure API via PCI-DSS Level 1 Certification.
- Real-time API for expanded card data insights to minimize chargebacks.
- Online full-service Merchant Portal with Cloud-based reporting.
Mitigate potential fraud and insufficient funds by promptly verifying consumer bank account information with our proprietary solution: VeriTrac® – an advanced payment account verification and risk assessment solution. Identify unproductive accounts from the onset, fostering a secure and efficient financial environment.
- Leverage our “risk scoring waterfall” to combine or exclude account validation databases to reduce loan risk aligned with your lending environment.
- Use separately or in conjunction with other data to provide additional levels of insight.
- Leverage our risk indicator to identify heightened probability of transaction return.
- Eliminate lead time required by ACH prenotification validation with real-time API requests.
- Stop transaction attempts against bank accounts with prior history of returns using Return Blocker (1+ million returns saved to date).