ForeWarn
by
Payology
Validates account and routing numbers to confirm the existence of a legitimate bank account, preventing fraudulent transactions.
About the Provider
Payology, part of Check21.com, LLC founded in 2009 and based in Fort Lauderdale, FL, is a cloud-based payment processor providing real-time transaction and risk solutions. It delivers check scanning, mobile check capture, ACH and Check21 file creation, and check verification services designed to run natively in Salesforce and other SaaS environments.
Solutions
Check Verification
About the Product
Validates account and routing numbers to confirm the existence of a legitimate bank account, preventing fraudulent transactions.
Within the Payology ecosystem, ForeWarn is a validation service that receives millions of account records daily from a large share of U.S. banks and uses that information to verify account validity in real time. The service verifies the information provided to ensure that the account exists and is open.
Product Insights in Grid
PAYOLOGY-FOREWARN-WARNING-CODE
Provides warning codes that indicate various account risks
PAYOLOGY-FOREWARN-ACCOUNT-STATUS
Returns the status of the account
PAYOLOGY-FOREWARN-COVERAGE-RATIO
Estimated percentage of U.S. accounts covered by ForeWarn Enhanced.
PAYOLOGY-FOREWARN-EXCEPTION
Unable to retrieve a usable response from ForeWarn.
PAYOLOGY-FOREWARN-NOT-FOUND
Account not located or outside the Early Warning network.
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