MicroBilt APIs
ACH/Check Payment Prescreen APIs: ACH/Check Payment Prescreen
Protect yourself from check/ACH returns and fraud by pre-screening a customer’s bank account. These APIs confirm that a bank account is active, open and in good standing. This is done by verifying the status and transaction history of a bank routing and account number including account type, schema, and other attributes. Transaction history is also available to validate the risk associated with an account. Full bank transaction details can be verified or reviewed in detail. Bank account verification also delivers valuable account and transaction details to support credit decisioning, reduced returns and protection against fraud.
ABA & Account Schema Verification (rVd Lite)
This service confirms that a provided bank routing number is valid, and checks to ensure the account number structure follows a known account schema for the financial institution. Financial institution name and contact information are also returned, along with other information such as whether the bank accepts ACH transactions and any new routing number issued if the original has changed.
ACH & Check Prescreen Lite (rVd Advantage Lite)
This service verifies the bank routing number is valid and active in the US or Canada and utilizes sophisticated algorithms and proprietary processes to ensure the structure of the account presented conforms with the known structure(s) issued by the financial institution. In addition, it will also provide a decline alert if the bank account is known to be closed or invalid. RVD Advantage Lite is a non-FCRA version of ACH/Check Prescreen – RVD Advantage and does not provide an alert if an account has unpaid debits for reasons other than known account closed or invalid accounts. Because it is a non FCRA product, rVd Advantage Lite will not return the level of details provided in RVD Advantage or RVD Plus such as check writer history, account holder names or telephone numbers. rVd Advantage Lite supports the Nacha Web Debit rule.
Due to Federal regulation, the following APIs require an additional level of credentialing. For pricing plan information or to begin the credentialing process contact a MicroBilt representative.
ACH & Check Prescreen (rVd Basic & Advantage)
Prescreen ACH/check payments to reduce the risk of fraud and returns. This service will process a submitted Routing and Account Number against MicroBilt's database containing positive and negative ACH/check writing history. It will validate the account is open and in good standing while also returning information about critical account and transaction attributes such as account holder name, driver's license number format and more.
User credentialing required for acccess.
User credentialing required for acccess.
Extended ACH & Check Prescreen (rVd Plus)
This service is used to reduce ACH/check fraud and returns by processing a submitted Routing and Account Number against an extended network of ACH/check databases containing positive and negative ACH/check writing history. It is used to validate that an account is open and in good standing, while also returning information about critical account and transaction attributes such as account holder name, driver's license number format and more.
User credentialing required for acccess.
User credentialing required for acccess.