ReliaCHEK

ReliaCHEK is an unparalleled check acceptance solution that provides instant, online, real-time access to positive and negative account information as well as check-level status for the vast majority of the nation’s checking accounts and check writers. The system identifies ACH items upon submission of the transaction with a high likelihood of being returned as unpaid, this service asks the following questions in regard to a transaction:

• Does the check writer’s account exist?
• Is the account in a closed, NSF or other high-risk status?
• Has a stop-payment been placed on an item?

For account number inquiries on ACH items, the system detects:

• Is the account open and a valid account with a positive account balance?
• Is the account closed?
• Does the account have recent returns?
• Is there a stop payment on this item?

The user can determine the criteria and basis on which they would wish to decline a transaction based upon the data retrieved during the verification and validation process.

While ReliaCHEK cannot guarantee that a transaction will clear the Payer’s bank in every occasion, it provides a high degree of confidence that the transaction is a legitimate payment and likely to be successfully processed and settled.

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.