Routing Number Verification
Yet another form of check verification is to cross reference the Routing transit number, also called the Routing Number or ABA Number, with the bank to check against the actual item being presented. The routing number verification can provide the bank's name, address for processing, and phone number.
Some routing number verification systems use an algorithm to validate the routing number, rather than cross reference the results in a database.
Routing number verification is limited to verifying the bank name, address and phone number and cannot determine if the checking account is valid of perform funds verification. It can be valuable in locating fraudulent checks or drafts, and in getting contact information for the bank for merchant funds verification or account validation. Using the bank phone number, a business can attempt merchant funds verification if the bank offers the service.
Read more about this topic: Check Verification Service
Famous quotes containing the words number and/or verification:
“There is not to be found, in all history, any miracle attested by a sufficient number of men, of such unquestioned good sense, education, and learning, as to secure us against all delusion in themselves ... beyond all suspicion of any design to deceive others ... and at the same time attesting facts, performed in such a public manner, and in so celebrated a part of the world, as to render the detection unavoidable.”
—David Hume (1711–1776)
“Science is a system of statements based on direct experience, and controlled by experimental verification. Verification in science is not, however, of single statements but of the entire system or a sub-system of such statements.”
—Rudolf Carnap (1891–1970)