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:
“You are the majority—in number and intelligence; therefore you are the force—which is justice. Some are scholars, others are owners; a glorious day will come when the scholars will be owners and the owners scholars. Then your power will be complete, and no man will protest against it.”
—Charles Baudelaire (1821–1867)
“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)