Certegy uses proprietary risk models for the decisioning process regarding the acceptance of checks. If a decision has been sent to a merchant to decline acceptance of my check, will all future check transactions be declined?
How the Check Verification Process Works When accepting a check at the point-of-sale, you will use a check reader or designate one of the keys from your existing credit card terminal or electronic cash register ECR to dial into the database either over the phone lines or via the Internet to verify that the check writer is not in the database.
Do you contact my financial institution to verify the amount of money in my checking account? Tell us when you sign up for the service if you want this Option and we will include the Contributor Agreement. Yes — There is More — You can also become a Contributor!
For those reasons, even our employees are not privy to that information. Clients who have given Certegy permission to share their location data are included on the Check Cashing Locations tab.
With our outstanding low cost check verification service, you as a small, medium, or large sized retailer are welcome to utilize the exact same database as the national retailers.
If you already own check service equipment then just let us know the model and we will let you know if it is certified. You can request a copy of your file disclosure by clicking here and following the instructions provided. Those are pretty good odds.
Our ability to contact financial institutions, though, is dependent upon the time of the transaction i. You are not involved in this process.
Now through a special arrangement AJjay Data can also permit small and medium sized retailers to also contribute as long as they are just a little bit computer savvy and also responsible.
What this essentially means is that the bad check writer will not be able to use a check in one of the member retailers and possibly not able to open a new checking account in a member bank until they make good on paying the NSF check plus the state allowed bounced check fee to the network.
To know those factors would give anyone, including fraudulent and bad check writers, a way to bypass our system. Every check transaction is unique and is subject to an approval process.
No, your credit score is not a factor in our risk models or any decision provided to merchants. Certegy is a check risk management company that provides verification, guarantee and risk analytics to thousands of businesses that choose to accept checks as a form of payment for goods or services.
Help Who is Certegy? Unfortunately, we cannot override the decision to decline acceptance of your check. Depending on the specifics of your check transaction, we may attempt to verify funds with your financial institution.
All in a matter of seconds. Turning down just one potential bad check per month or quarter can justify the cost of this service for an entire year. In addition, toll-free technical support is available to you when questions might arise from either you or your employees.
What is my Cost for Check Verification? In as little as 8 to 10 seconds, the database responds with an "accept" or "decline" message. If a decision has been sent to a merchant to decline acceptance of my check, can that decision be overridden?
If the check is accepted, the sale completes as usual; if declined, the merchant requests another form of payment. Who uses Certegy and why? Having the exact same features as units costing several times more it brings bank quality and durability within reach of small and medium-sized businesses.
For privacy purposes, many financial institutions will only verify funds with other financial institutions or with the account holder.
Certegy pioneered the check risk management industry in the U.
In addition, you will have a supply of "decline" pads which allows you to tear of a little piece of paper to give to the customer with a toll-free number for the customer to call themselves to find out the reason for the decline and how they can resolve the problem.
What Equipment do you recommend? Is a listing of merchants that use Certegy available? Is the decision provided by Certegy based on my credit score? The ArJay Data program supports a large variety of popular check scanners, check imagers, smart phones, and your computer.
Certegy Check Services, Inc. When you join the Bank Network, in addition to accessing data provided by other merchants, you will have access to the best available data regarding the actual bank account. In the recent past only the largest national retailers and banks had the ability to add bad check writers to the negative database which is known as being a Contributor.
That is because to contribute a bad check you must provide some very minimal documentation of the sale via the Internet and also commit to submitting the form to take them out of the database in a timely manner should they make good on the NSF check that they wrote in your business.
How can I see what information is in my file?I've never heard of your company and what right do you have to control my check writing?
Certegy is a check risk management company that provides verification, guarantee and risk analytics to thousands of businesses that choose to accept checks as a form of payment for goods or services.
Check writing policies are one of the most visible bookkeeping policies in any company, and having a clear set of written guidelines for processing checks is an ideal first step in creating an established set of accounting procedures.
In addition, if you find that any information contained in the file from Certegy is inaccurate or incomplete, you have the right to dispute it with Certegy. You may write: Certegy Check Services, Inc. Check and Account Verification Service Have you ever wondered what type of check service most of the major retailers in the malls use to protect themselves against bad check losses then you have come to the right page.
A check guarantee service can be a simple and economical way to increase revenue at your place of business. With a guarantee service in place, checks are approved at the point of sale in seconds via terminal, phone or Internet before being deposited at the bank.
Check Authorization Check authorization is a simple process at the point of sale. Your sales associate enters the customer's driver's license information into the point-of-sale credit card terminal and/or slides the check through a .Download