The industry's fastest-growing ACH and e-Check verification service.

A cross-institutional view of a consumer banking activity, and the fastest growing ACH and e-Check verification service in the industry. Know your customer. Reduce returns. Protect your business from fraud.

Let Risk Verify Database help your business succeed.

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RVD is available in four editions with tiered pricing.

Validates bank routing number
Checks database for returned and good history on account
Returns known history, name, telephone information
Provides first and last date the account has been seen
Provides the average amount of days to pay a returned check/ACH transaction
Identifies known account closed accounts
Identifies known account not found or invalid accounts
Identifies a history of returned transactions
Provides Decision Code on all transactions
Provides Optional OFAC checking
Validates the structure of the Account is correct for the issuing bank
Provides Risk Level code on all transactions
Accesses additional financial and retail databases
Provides new routing number if the original has changed
Provides name, address, telephone number, and contact information for the financial instuition
Identifies the account type (checking, savings, money market etc.) if known
Indicates if the bank routing number will accept ACH debit transactions
Learn More about RVD

OFAC Watchlist Add-On Enhancement

Is your customer on the OFAC watchlist? Find out fast.

Easily added to Risk Verification Database Basic or Plus, the OFAC Watchlist Add-On Enhancement is a simple and efficient means of comparing the name of any consumer initiating a transaction to the OFAC prohibited list, thereby keeping your business compliance with federal requirements.

What does it do?

Simply enter a customer’s first and last name and MicroBilt’s product searches for matches against the Offense of Foreign Assets Control (OFAC) watchlist. When a match is found, a warning message is sent along with the name of the OFAC list to which the name was matched.

What is it used for?

All money service providers (MSP) in the US are required to check the OFAC list before conducting a financial transaction. When a match is found businesses must perform additional due diligence to confirm the match. Once confirmed, the business is obligated block or reject the transaction while reporting the information to OFAC.

At a minimum, all Money Service Providers should be checking the OFAC list to detect prohibited individuals or countries including:

  • Financial Institutions
  • Insurance Companies
  • Check Cashiers and Money order providers
  • ACH and Remote Deposit Capture Processors
  • Alternative Lenders and Rent to Own Companies

Learn which Microbilt products are right for your business.

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