IPS ACH Gateway allows developers to implement the
processing and/or verification of ACH/eCheck payments. The Microsoft®
.NET web service for ACH, IPS ACH Gateway, provides real-time feedback
on eCheck acceptance and verification and is integrated with all of
Payment Data's verification, fraud, risk and customer service
offerings.
Real-Time Information
for Verification Only or Verification
and Payment Acceptance
Our enhanced Microsoft .NET web service
Verification and Risk tool is designed to perform extended fraud and
risk management by conducting commercially reasonable check
validations and buyer authentications. We are able to verify the
validity of a bank routing number and consumer's bank account
status. Additional features include:
Allows lookup of bank name by routing number
Quickly identifies data entry errors of routing number
Identifies inactive or retired routing numbers due to bank
merger or acquisition
Identifies credit unions and financial institutions whose
rules do not allow debit or credit ACH transactions to post to
savings or checking accounts
Recognizes items drawn on closed accounts
Recognizes items drawn on accounts currently in overdraft
status
Recognizes consumer accounts that are in industry negative
databases
The benefits that a PDS customer can expect to realize are:
Reduces "administrative" returns, allowing you to identify
bad routing numbers and enables you to make the correction at
the point of acceptance instead of after the sale
Reduces cost associated with administrative return items
Reduces "Account Closed" and "NSF" returns
Allows your company to recognize potentially fraudulent
transactions
Reduces cost associated with return items and collections
