AmeriNet specializes in electronic funds transfer using the Automated Clearing House (ACH) network to debit or credit virtually any consumer or corporate checking account, and even savings accounts, in the United States and its territories including Puerto Rico and Guam.
Because different clients have different needs, AmeriNet has developed a suite of products to create the right fit for each client.
Direct ACH Origination Services
AmeriNet can originate ACH entries using the client's own bank account. This has distinct advantages in clearing times, financial controls and cost. This service requires the client to have the proper bank relationship in place.
Managed ACH Origination Services
In the traditional model used by the payments industry, AmeriNet originates ACH using its own special bank accounts then settles collected funds to the client's account. This is useful for all types of clients but particularly for those who do not have the same type of banking relationship that larger institutional clients may have.
Standard Validation
Each transaction sent to AmeriNet is carefully examined, in real-time, to check for validity and negative history. Many checking accounts require a different routing number for ACH than is printed on the check and many banks merge and change those numbers as well. AmeriNet handles all of that on-the-fly.
Extended Account Validation
AmeriNet offers an optional extra-strength validation that reaches out to information provided directly by banks to help us determine if an account is in good standing, or not, as of the moment.
Consumer Identity Validation (IDV)
How do you know your customer is who they claim to be when making a purchase on the Internet or over the phone? AmeriNet's optional IDV service ensures that the consumer's personal information, including name, address, date of birth and, the last 4 digits of their Social Security number are correct, current and valid. This is an important tool to manage risk, mitigate identity theft and help comply with the rules.
Regulatory Compliance
As a service to clients and partners alike, AmeriNet are experts in the complex regulations that govern the ACH network. Our compliance review and ongoing monitoring ensure that everything is by-the-book and alerts you to trouble spots before they become problems that could result in rules violations or losses.
new for 2008
Consumer ID Validation is now available in real-time and at low cost to AmeriNet API users.
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