Stop the repeat and fraud check writer! Run your check through our National Verification Network and decrease your chance of receiving a non-sufficient funds or fraud check. Response is received in less than seven seconds, it can handle 30,000+ calls per hour, integrated POS terminals, over one million updates per month, thousands of merchants reporting nationwide, and over 500 collection agencies reporting nationwide. Our National Verification Network is the largest verification database in the nation (offered with check collection or check conversion only).
Checknet utilizes National Check Network
Over 120,000 merchant locations and more than 260 collection agencies, ACH Processors, and financial institutions rely on the National Check Network database to reduce their return check costs, increase their collection rates and protect their merchants from fraud.
NCN “By the Numbers”
Size – The 2004 Nilson Report www.nilsonreport.com again ranked NCN as one of the largest nationwide check verification companies.
Negative Database. More than 23 million negative records.
Positive Database. More than 138 million positive records, representing the majority of checking accounts nationwide.
Risk Management. 91 management-controlled parameters are available to customize the risk management capabilities for each merchant as well as for each merchant location.
Quality. NCN contributors provide over 300 files daily, which update more than one million negative records monthly to ensure a current, accurate database. You don’t turn away good business, and you avoid checks that are potential problems.
Transaction Count: The NCN system processes 650,000 verification transactions daily, for a total of 233.6 million authorization transactions per year.