Live Verify
by
Payology
All features of ForeWarn and ATM/NCN, plus provides real-time balance to reduce returned payments, protect against account takeover fraud, and verify sufficient funds for check processing.
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. Identifies account status, check/ACH return history, and real-time balance to reduce returned payments, protect against account takeover fraud, and verify sufficient funds for check processing
Live Verify is designed to be embedded in digital onboarding, payment acceptance, and account-servicing workflows, allowing risk, fraud, and operations teams to apply automated decisions or route higher-risk cases to manual review without adding friction for good customers.
By combining multiple data sources, including bank account status, historical payment behavior, and negative file checks, Live Verify helps reduce ACH and check returns, synthetic identity abuse, and account takeover attempts at the point of transaction. Organizations can configure rules and thresholds that align with their risk appetite, enabling them to accept more good customers while stopping high-risk transactions before funds move.
