Largest database for fraudulent transaction detection

Prevent fraud, reduce return rates and ensure Nacha compliance with instant automated decisioning using the leading ACH and E-Check verification database.

Let Risk Verify Database help your business succeed.

Talk to one of our customer success agents to get started.

Let's talk

12 _years

^over 3,692,365,904 _transactions

Multiple versions available.

	Non-FCRA Solutions	FCRA Solutions
	RVD ADV Lite	RVD Basic	RVD Advantage	RVD PLUS
Automated Decisioning	Available	Available	Available	Available
Risk Level Decisioning	Not available	Not available	Not available	Available
Bank Routing Number Validation	Available	Available	Available	Available
Bank Account Number & Structure Validation	Available	Not available	Available	Available
Web Debit Rule Compliance	Available	Not available	Available	Available
Invalid / Closed Accounts on File Identification	Available	Available	Available	Available
Returns Name Match Indicator or Name Detail	Not available	Available	Available	Available
Returns First and Last Date Seen for Account	Not available	Available	Available	Available
Negative and Positive History Transaction (Counts / $ Amount / Returned Reasons on File)	Not available	Available	Available	Available
Returns the Average Amount of Days for Returned Payments to Clear	Not available	Available	Available	Available
Add-On Services Available
OFAC Check	Not available	Available	Available	Available
Returned History Detail	Not available	Available	Available	Available

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.

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).

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.

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.

What does it do?

This innovative solution enhances transaction security and efficiency in real-time. Before an ACH, e-Check, or check transaction is sent to your financial institution for processing, RVD provides a predictive response, ensuring a higher level of transaction accuracy and security. Utilizing an extensive ACH database, the system performs rigorous verification on each transaction to reduce the risk of payment failures and ensure compliance.

RVD Plus extends these capabilities further by leveraging multiple external retail and financial datasets, offering a more robust spectrum of transaction analysis. It meticulously matches consumer names, verifies known telephone numbers within the database, and provides critical insights such as account age and a timestamp of the most recent activity. Additionally, RVD ensures thorough validation by enabling users to verify routing numbers, a key component in guaranteeing transaction accuracy.

The solution delivers a detailed account history, including cleared transactions and ACH returns, whether paid or unpaid. This helps businesses gain visibility into past transaction performance. An optional OFAC-check can also be integrated into all RVD transactions, adding an extra layer of security and regulatory compliance. The system is tailored for today's dynamic financial environment, aligning with modern consumer payment habits rather than relying on outdated methods.

RVD's product suite—RVD Advantage Lite, RVD, RVD Advantage, and RVD Plus—offers customizable risk parameters to monitor and manage check returns and ACH-related risks effectively. The system also provides decision codes for each transaction:

Accept

Approves the transaction for further processing.
Decline

Flags transactions based on predefined risk parameters.
Warning

Alerts users to review the transaction before proceeding.

Each transaction is supported by historical data, including the last return date and the average time taken by the consumer to resolve the issue. RVD also returns names and telephone numbers of account holders when the data is available, significantly reducing skip tracing costs and enhancing identity verification. This makes RVD a valuable component of comprehensive payment solutions.

The platform’s cost-effective, pay-per-use pricing model ensures affordability, with rates decreasing as transaction volume increases. As a verification-only product, RVD seamlessly integrates into your existing processes without requiring you to change your banking relationship, offering flexibility and ease of implementation.

What is it used for?

RVD is an advanced data scoring system designed to predict whether ACH debits, checks, or e-Checks are likely to clear without return. By leveraging its comprehensive ACH database and external financial datasets, RVD ensures accurate transaction verification and risk assessment.

This solution is widely used by:

Consumer Lending: To assess the reliability of payment sources.
Financial Institutions: For secure and efficient transaction processing.
Insurance Companies: To verify account information and reduce payment risks.
Check Cashiers and Money Order Providers: To validate transactions before processing.
ACH and Remote Deposit Capture Processors: For real-time transaction analysis and ACH prescreen services.
Alternative Lenders and Rent-to-Own Companies: To reduce fraud and ensure successful payments.

Each transaction is run against RVD’s vast database, checking for matches in consumer names, known telephone numbers, account age, and activity timestamps. The system also provides a comprehensive history of cleared transactions and ACH returns, empowering businesses to make informed decisions and mitigate payment risks. By enabling businesses to verify routing numbers and handle check returns efficiently, RVD ensures seamless integration into existing workflows while delivering robust transaction validation.

RVD represents a next-generation solution for secure, accurate, and efficient payment processing, providing businesses with the tools they need to succeed in today's financial landscape.

Available: