Check Verification FAQ

• What does VerifyNow! do?
  read moreVerifyNow! mitigates the risk of accepting a bad check. If a paper check or electronic payment is going to bounce, VerifyNow! will decline that check or payment. VerifyNow! gives you three levels of protection using the most current and accurate data to combat fraud and mitigate risk. No other provider offers such thorough triple verification.

• Why should I use VerifyNow?
  read moreTo reduce check fraud and potential loss of revenue.

• Will VerifyNow! save me time and money?
  read moreYes. Bad checks are virtually eliminated with this comprehensive system.

• Is there a cost to use VerifyNow?
  read moreThe service is an inexpensive solution priced by transaction volume. Ask your CheckVelocity representative for more information.

• Is VerifyNow! available for all checks?
  read moreYes. If there is routing and account information, VerifyNow! can be used.

• Do I need any special equipment?
  read moreNo. All you will need is an internet connection with a standard Web browser. However, a check reader may be used for point-of-sale transactions. From the reader, MICR data and any relevant account -information is captured.

• Is VerifyNow! right for my business?
  read moreCheck verification will perform optimally for any business. However, every business has unique aspects to consider. Contact a CheckVelocity representative at 800.430.2370 and find out if you are a good candidate.