What should I ask/make sure of when selecting a Check Verification company?

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Just as you would do when hiring any company, especially one that will be, in effect, handling your money, do your research. Ask questions, check references, and make sure the company complies with any federal or state regulations. Here’s a list of questions people in the field recommend you ask:

• Does the company provide protection against duplicate transactions?
  
• Does the company comply with NACHA (the Electronic Payments Association) regulations? Visit NACHA at http://www.nacha.org for more information.
  
• Does the company comply with Federal rules and regulations?
  
• Does the company offer live customer support?
  
• Is the data center secure?
  
• Does the company keep all merchant, customer, and transaction information secure?
  
• How well does the company integrate with yours?
  
• How does the company charge? Is it per transaction, or a flat rate? Which is more feasible, and financially advantageous, to you?
  
• Does the company offer real-time online reporting?
  

Don’t be afraid to ask any questions that seem important to you. Keep your business safe by hiring only trustworthy, reputable check verification companies. It’s your money you’re talking about.

Next Page: What settlement methods are available?

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