
This service is designed to verify the validity of a bank routing number. ACH Commerce provides this service through a partnership with Thomson Financial Publishing, the entity that issues routing numbers to financial institutions and maintains the most current information regarding routing number status in a central database. This service is available in real-time or by filtering batches prior to processing.
- Allows lookup of bank name by routing number.
- Quickly identifies data entry errors of routing number.
- Identifies inactive or retired routing numbers due to bank merger or acquisition.
- Identifies financial institutions with valid routing numbers that do not accept ACH transactions.
- Identifies credit unions and financial institutions whose rules do not allow debit or credit ACH transactions to post to savings or checking accounts.
- Available in real-time or batch filtering.
- Reduces administrative returns, allowing you to identify bad routing numbers and enables you to make the correction at the point of acceptance instead of after the sale.
- Reduces cost associated with administrative return items.
For more information on MatchTracSM, simply contact an ACH Commerce representative at 800-724-8780 or click on Contact Us.
|