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Account Verification Service (AVS & AVS-R)

Account Verification Service (AVS) is a service which gives our Users the ability to verify certain bank account details of a Consumer.

This service is of great benefit to NAEDO, EFT Debit Order, and DebiCheck Users.

AVS is a batch service with a delayed response while AVS-R is a real-time service. The data highlighted below belonging to an account holder must be submitted and all fields listed will be verified in the reply received.*

The information that will be verified is as follows:

  • Account holder's name
  • Identity Number
  • Bank account number
  • Bank branch code
  • Account status (open or closed)
  • Length of time the account has been open
  • The account types
  • Whether the account accepts debits or credits

*Please note that verification fields may vary from Bank to Bank.

The benefits of this service are:

  • On the day an underlying agreement is entered into; the bank account of the Client may already be closed and if deductions are loaded on the NAEDO, EFT Debit Order or DebiCheck payments streams; the fact that the account is closed will only be known to the business on the expected salary payment date once the bank has processed the NAEDO, EFT Debit Order or DebiCheck deduction; AVS may assist in this regard.
  • AVS is a strong preventative measure against businesses accepting and loading fraudulent bank account details or deductions.

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