AssureCHEK

AssureCHEK utilizes the nation’s largest database of negative check writers and checking account data. Banks report daily to this database the names and account numbers of depositors who have over-drafted their account at present or who chronically over-draft their accounts. A listing of closed accounts or accounts where fraudulent activity has occurred is also provided. The appearance of an account and/or name on this database is indicative of an individual or account where there is a likelihood, due to the current condition of the account or history, that the item will not successfully clear the Payer’s bank. Therefore, a negative response from AssureCHEK indicates that the payment should not be accepted in good faith.

AssureCHEK is functionally a query in search of negative information in regard to a particular checking account. If no negative information is detected, the likelihood that the item will clear is much greater. This is due to the fact that individuals who do not manage their bank accounts effectively or make purchases without the available funds, act recklessly or fraudulently do so on a recurring basis. In order to protect the merchant from these Payers, AssureCHEK effectively screens them out of the transaction process by notifying the merchant in the form a decline message. Herein, the merchant can have the option of requesting another form of payment or using other means to avoid the potential loss of funds or costs of processing and collecting a returned ACH item.

Let our Technical Sales Specialists assess your individual needs and assist you in devising and deploying an optimal payment solution.

Call us at 1-800-701-4723 or email us at info@teledraft.com, or apply for a TELEDRAFT account now.