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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.

Product Insights in Grid

PAYOLOGY-LIVE-VERIFY-BALANCE-DECISION

Determines if it is possible to determine if there are sufficient funds and if so, whether there are sufficient funds to cover the check amount

PAYOLOGY-LIVE-VERIFY-RESULT

Overall status returned by the Live Verify service.

PAYOLOGY-LIVE-VERIFY-ROUTING-VALIDITY

Whether the account routing number is valid

PAYOLOGY-LIVE-VERIFY-EXCEPTION

Unable to retrieve a usable response from Live Verify.

PAYOLOGY-LIVE-VERIFY-NOT-FOUND

Account not located or bank not in the Live Verify network.

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