What is an I-check?

by Elizabeth Murrow Since processing an echeck is an online transaction, it makes use of a limited amount of verification. This is where Internet check or I-check comes in place. Internet check is designed for transactions which requires a more complete verification and digital authentication. When a customer purchases something from you online, you cannot see him, his identification or even his check. You have to verify the identity of your buyer. I-checks use multiple negative databases which contains essential information such as known bad check writers, positive databases which contains information about your customer's bank and account status and so on. Aside from these databases, the I-check also has an authentication process. It captures the customer's digital signature and meet the requirements of electronic transactions. Without these two processes of Internet check, you run the risk of big financial loss, fraud and in some situations, fines from banks. Echecks are fast, secure and one of the most convenient payment option. Adding an Internet check to this option makes you closer to experiencing perfect payment solutions in a breeze.   (Elizabeth Murrow currently works for a payment processing solution company. Being in the business for quite a long time now, she has been continuously sharing her knowledge through various lectures and blogging, including http://allaboutecheck.wordpress.com. Born and raised in California, Elizabeth now lives in Australia with her husband and two kids. She likes to travel during her free time.)

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