fuck this thread is like a ping pong game

Sure. I will be happy to clarify some of the points in this thread.


How ACH works -

ACH is a batch file system where the debit to the consumer?s account is initiated at any of the FED windows during a given banking day or on any subsequent banking day.

RDFI?s (the consumer?s bank) have 2 business days to return the item. Return reasons are things like insufficient funds, account closed, invalid accounts, etc. In addition, unauthorized returns (charge-backs) can come in later.

ACH items do not ?clear?. They are either returned by the RDFI or they are not.

yea, i wasnt sure what to call a check that didnt get bounced back at its initial attempt
other than cleared :) thanks for coming in and clearing it up

No problem.:)

Real-time Verification ?

The top e-draw banks in the US, which represent about 70% of the checking and savings accounts in the US, participate in a system where they provide the account standing of every account in their system daily.

This system can tell the processor at the time of the transaction whether the account is in good standing or not. For instance, the system may say the account is closed, does not exist or is over drawn.

This system is not intrusive or I do not understand what you mean. It is completely transparent.

More importantly, it is not expensive for the merchant. It is included in our service.

Real-time debits ?

These are POS (point of sale) transactions.

The consumer is present and the check is scanned for the MICR data. This is not available for non face-to-face transactions (Internet / Phone transactions).

Bump, we really need to get some good answers and upcoming solutions from third party billing companies.

Solution: Don't give access until the funds have cleared. Put notice on the check join pages stating this, give option to go back and do credit card if they do not want to wait.

Authentication and Fraud Prevention ?

WTS provides our TOAST authentication and fraud system as part of our service to our clients. We started doing this in 2005, well before the NACHA rule on charge-back ratios, so you are mistaken.

It is not SSN or Drivers License dependent, although these can be used.

This is also part of our service, so it is not an expense to the merchant.

All forms of fraud prevention and many network rules, including negative databases, credit checks, email verification, CVV, AVS, etc., are impediments to throughput. Processors do what they do to balance throughput against risk.


ACH Network Rules ?

The ACH Rules state that the Originator (processor) must authenticate the identity of the Receiver (consumer). This rule has been in effect since 2004.

We don?t know what others do, but one of our objectives is compliance with the Network rules. The methods we implement are in part what we have chosen in order to meet this goal.

The main problem with excluding proxies is that many people surfing porn from work use them to hide their asses and get around filters...so banning them may destroy more business than it helps preventing fraud :2 cents:

Ahhh, understandable then. You learn something new every day. Thanks for the insight on how the online checking industry works.

Anytime. :)

The technical level it takes for someone to find a working proxy and use the proxy, would clearly know they are being blocked because they are on a proxy. Then again, even higher skilled people can just setup a dns proxy in, well pretty quick, and it not be on any list.

I wouldn't personally block every proxy from the start. But by having a list of known proxies I could at least better monitor them.

It's limited all around but all fraud protection is at some level, but stacking them one on top of other makes the overall difference.

Not Accepting Checks -

Not accepting ACH (checks) is a terribly uninformed suggestion! ACH is the second largest payment method for the majority of merchants.

You have to be either mathematically challenged or processing checks incorrectly for this to make sense. Luckily, these two problems have solutions.

Contact us if you need help with either. :winkwink:



CAM Sites, Live Feeds, etc. ?

Yes, a shameless pitch?

Merchants who have a higher cost of operation, additional risk and operate on a smaller margin can also accept checks safely and profitably.

WTS has a product designed specifically for these types of applications. Feel free to contact us for more details.

This is an easy way to add another 10% to your revenues!

would be nice if they suspended his acc

This has been available to Canadians for some time now and alot of gaming sites use it.
http://www.instadebit.com/

Preceding that for many years now we've been able to send what's called an Interac Email Money Transfer: http://www.interac.ca/consumers/prod...ces_ol_emt.php
and they also have realtime debit online as well http://www.interac.ca/consumers/prod...es_ol_main.php

Banks and such in the states need to hurryup and implement this, they're way behind :)

In other words, does that mean that you do not have the problem other processors do with online checks?

When I was with ibill I got tried of getting fucked in the ass on taking checks. It was awful.Then Gonzo told me about WTS and I started using them and they have been great. After using them I finally saw money from checks. When I switched to ccbill I didnt add checks because I was happy with wts. Knowing ccbill commitment to our industry I can see them taking action on this.

Scary shit!

Hit me up please Ben. Looks interesting. indy/teasingbucks/com

We got hit with this scam a few months ago and after trying to get it sorted out with our payment processor and not having any luck the only way we stopped it was by taking the check sign up off our payment options. We had the same group of people coming back every day as soon as they were taken of the members list. They were also just downloading non stop while they were on. Our processor tried loads of things but it did not work, hopefully they can all work together and get it sorted out now.

You are stupid if you remove your check billing options.

http://www.bikinivoyeur.com/ccbill-checks.gif

it's been like this since I started in 2001