Risk Verification Database (RVD) is an advanced data scoring system designed to provide you with accurate predictions as to whether ACH debits, checks or e-Checks are likely to clear without return.

RVD compiles and analyzes over 2.3billion real-time consumer transactions

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 Advantage 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 a high frequency of transactions without unpaid returns.

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 or Canada.
• 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 or Canada.
• 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.
• Details number of unauthorized returns reported on the account within the last 12 months.
• Alerts you if the account has a history of returning debits and the average days for payment.
• 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).
• Meets qualifications for the Nacha WEB debit rule.

RVD PLUS

In addition to providing account history in the risk verify database, RVD Plus+ accesses multiple financial and retail databases to augment known history on the bank account. 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 or Canada.
• 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 our 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.
  • Alerts our customers if the account has a history of returning debits and the average days for payment.
• 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.
• Inclusion of OFAC for AML activity (additional option).
• Meets qualifications for the Nacha WEB debit rule.

RVD Lite

RVD Lite validates the bank routing number is an active US or Canadian routing number along with providing the financial institution’s name, contact information, type, and details on the branch locations.

• Verifies the bank routing number is valid and active in the US or Canada.
• Provides new or updated routing number if applicable.
• 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.
• Provides contact information on up to five branch locations.
• Identifies the Institution type: Bank, Credit Union etc.
• Details the number of branch locations.
• If bank account number is submitted, RVD Lite will also check to ensure the account number structure follows the known structure(s) issued by the financial institution.

RVD ADVANTAGE Lite

RVD ADVANTAGE Lite database accesses over 2.3Billion consumer and commercial bank account records. This database does not contain associated information such as names and telephone numbers or historical details linked to the account. RVD Advantage Lite will issue a decline response if the account has been reported as closed, unable to locate /no account found at the financial institution, or the bank routing number is invalid.

• Verifies the bank routing number is valid and active in the US or Canada.
• 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.
• Decision response: Accept, Decline, or Warning based upon custom rules for each of our customers.
• Alerts you if the account has been reported as closed or as unable to locate/no account found at the financial institution.
• Identifies if an account is new to the database or provides the date it was first seen in RVD.
• Meets qualifications for the Nacha WEB debit rule.

All of the above product versions are delivered in compliance with FCRA requirements. However, additional non-FCRA product options may be available for approved use cases. Non-FCRA versions will not provide as much information in the response, and therefore are not recommended when users are approved for FCRA use.

How do I use RVD?

The RDV service is available via API, batch-processing or for single transactions via a web portal. An API transaction returns
in seconds and we process our batch files hourly 24/7.

What data does RVD provide?

RVD provides a predictive response in real-time prior to sending an ACH, e-Check or check transaction to your financial institution for processing. We run each transaction against our own database of transaction records. RVD Plus also has access to multiple external retail and financial data. RVD matches consumer names and provides known telephone numbers from within the database; the age of the account, and a timestamp on when RVD detected activity on the account. It also provides account history including good/cleared transactions and returned items, both paid and unpaid. We offer an OFAC-check as an option to all RVD transactions.

What makes RVD Unique?

RVD was designed to recognize consumer payment habits today, not 20 years ago. RVD Advantage Lite, RVD, RVD Advantage and RVD Plus all allow multiple programmable risk parameters to monitor and manage returns. In addition to providing a decision code on each transaction, RVD also returns important history of transactions on the MICR including the last date a return was reported and the average number of days it takes for the consumer to pay a return. It will also return names and telephone numbers of the account user when resident in RVD to help you confirm identity and reduce skip tracing costs.

How secure is RVD?

RVD uses the same security protocols as large banks and major credit card companies. This includes PCI DSS 3.0, SSAE16 Type II Sox1, AICPA, 256 BIT SSL.

How do I pay for RVD?

With RVD you pay based on usage. The rate per transaction is reduced as you use RVD more frequentl

What kind of product support do you provide?

RVD offers both technical and customer service support to businesses using our products. In addition to online chat which is available during regular business hours during the business week, RVD also has dedicated Toll free numbers and inbound email addresses for support purposes. Product support is completely free of charge. All consumer disputes are handled within the strict guidelines of the FCRA.

How long has RVD been around?

MicroBilt, the company that built and operates RVD has been working in the data services space for nearly forty years and was among the first to deliver risk management services online in the nascent stages of the commercial World Wide Web.