Products & Pricing

A flexible solution with business-friendly pricing.

RVD Lite

RVD Lite provides a cross-institutional view of a consumer’s banking activity.

  • Verifies the bank routing number is valid and active in the US.
  • If the Bank Routing number has been updated and changed, rVd Lite will provide the corrected bank routing number and the date it changed.
  • Validates the structure of the bank account number is correct for the Financial Institution.
  • Confirms if the Financial Institution accepts ACH debits.
  • Provides Bank name, address, up to four contact phone numbers, including fax number and direct number to ACH department.
  • Identifies the Bank Type and Website.
  • Provides contact information on up to five branch locations.
  • Identify the Institution type: Bank, Credit Union etc.
  • Details the number of branch locations.

RVD Basic

RVD Basic is designed for merchants and processors handling lower-risk transactions or transactions with a higher proportion of repeat customers.

  • Verifies the bank routing number is valid and active in the US.
  • Allows velocity and individual risk settings for every customer.
  • Alerts you if the account has been reported as closed or if there are current outstanding unpaid items.
  • Identifies the number and dollar amount of unpaid returns on the account.
  • Decision response: Accept, Decline, or Warning based upon custom rules for each of our customers.
  • Identifies if an account is new to the database or provides the date it was first seen in RVD.
  • Provides up to two names and telephone numbers associated with the account if information is resident in the database
  • Supplies the number and dollar amount of all (paid/unpaid) returned items with average number of days to pay a returned debit.
  • Inclusion of OFAC for AML activity (additional option).

RVD ADVANTAGE

RVD ADVANTAGE includes all the features of RVD Basic with the addition of checking the structure of the account number to ensure it conforms with the structure(s) the financial institution issues. It is designed to reduce fatal returned items such as no account or account not found.

  • Verifies the bank routing number is valid and active in the US.
  • Utilizes sophisticated algorithms and proprietary processes to ensure the structure of the account presented conforms to the known structure(s) utilized by the bank issuing the account.
  • Allows velocity and individual risk settings for every customer.
  • Alerts you if the account has been reported as closed or if there are current outstanding unpaid items.
  • Identifies the number and dollar amount of unpaid returns on the account.
  • Decision response: Accept, Decline, or Warning based upon custom rules for each of our customers.
  • Identifies if an account is new to the database or provides the date it was first seen in RVD.
  • Provides up to two names and telephone numbers associated with the account if information is resident in the database
  • Supplies the number and dollar amount of all (paid/unpaid) returned items with average number of days to pay a returned debit.
  • Inclusion of OFAC for AML activity (additional option).

RVD PLUS

In addition to providing account history in the risk verify database, RVD Plus+ looks into multiple financial and retail databases. It is the most effective way to limited returns to an account and adhere to the NACHA thresholds required to continue processing electronic payments.

  • Verifies the bank routing number is valid and active in the US.
  • Utilizes sophisticated algorithms and proprietary processes to ensure the structure of the account presented conforms to the known structure(s) utilized by the bank issuing the account.
  • Returns a Decision Code number that allows our customers to determine the level of risk they wish to accept.
    • Recognizes and separates out “fatal” history on the account such as account closed, no account found, and invalid account.
    • Alerts customers when a high number of unauthorized returns have been seen on the account.
    • Alerts our customers if there are current unpaid returns on the account for any reason.
  • Allows velocity and individual risk settings for every customer.
  • Identifies the number and dollar amount of unpaid returns on the account.
  • Identifies if an account is new to the database or provides the date it was first seen in RVD.
  • Provides up to two names and telephone numbers associated with the account if information is resident in the database
  • Supplies the number and dollar amount of all (paid/unpaid) returned items with average number of days to pay a returned debit.
  • Inclusion of OFAC for AML activity (additional option).

All RVD variants offer tiered pricing based on usage.

People

Customize the verification rules to match your risk tolerance.

No two companies are the same. Depending on the business you’re in you will have a unique risk profile. With RVD Lite, Basic, Advantage and Plus we can work with you to customize parameters to meet your needs. Some rule settings include:

  • Setting maximum dollar amount per transaction, ACH and check debit values.
  • Limiting both the number and dollar amount of transactions allowed per day, week or month.
  • Setting different thresholds for new accounts, known accounts, or for customers and businesses that have high frequency transactions without unpaid returns.
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