TeleCheck Provides Live Verify For CheckAuthorization

Register now

DENVER - (03/22/06) -- TeleCheck, a unit of First Data,said it has introduced a new system to authorize check transactionswith real-time information and comprehensive risk managementsystems. The Live Verify service provides merchants with real-timenegative database information for all transactions, while offeringadvanced adaptive decision making tools for high risk transactions.Large retailers that use traditional in-house check processingtypically check verification information that is 24 hours old. WithLive Verify these retailers get the information inreal-time.

For reprint and licensing requests for this article, click here.