VCheck Express: Features

Automated Check Settlement

VCheck Express transactions are settled completely electronically utilizing the Federal Reserve’s Automated Clearing House (ACH) network. Consumers initiate virtual checks as payment either online or over the phone. Transactions are authenticated in real-time and posted for settlement. Within a few days, funds are automatically debited from the consumers’ bank accounts and credited to the merchants’ bank accounts. Throughout the process, merchants avoid the burden of collecting and depositing paper checks, and should they arise, non-sufficient checks can be easily re-billed online.

Secure, Reliable, Real-Time Transaction Processing

VCheck Express transactions are processed and verified in real-time, with prompt authentication responses. Requests are digitally authenticated and routed over Secure Socket Layered (SSL) links through fully secured network operating centers. Multiple firewalls, automated data and system maintenance, network administration and load-balancing technologies, as well as highly reliable Internet links ensure uninterrupted transaction processing. Extremely robust and scalable, VCheck Express can process thousands of transactions with no degradation in system performance.

Multiple Operational Modes

The VCheck Express payment solution has two operational modes. It is available as an API that can be seamlessly integrated into most e-commerce storefront solutions, allowing merchants to send and authenticate ACH transactions in real-time, from server to server. Merchants can also use our web interface, the VCheck Terminal, to initiate virtual checks on behalf of customers who request them online or by telephone.

Account Management Tools

All VCheck Express transaction histories and merchant profiles are maintained in a secured data repository. Through the VCheck Terminal, merchants can gain secure online access to manage their processed transactions and merchant account information. The extensive back office services available allow merchants to generate and view reports, query transactions and administer account profiles. Additionally, merchants can create user profiles with customized privileges, ensuring that existing internal controls within an organization can be maintained.

Risk Management Services

VCheck Express offers several integrated consumer check verification services, designed to minimize invalid checks and consumer fraud. All transactions are checked to validate ABA routing numbers, eliminating transactions from non-participating institutions, and repairing routing and account numbers to conform to existing MICR structures.

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