THE POWER OF KNOWING
Account Validation & Prenotes
Nacha is enforcing the Supplemental Fraud Detection for WEB Debits and Mobile Payments in March 2022. To keep you compliant, increase conversions and process payments even faster, Usio offers Instant Account Validation and Prenote Verification with the highest level of payment security available: PCI Level 1.
Instant Account Validation
Usio Instant Account Validation will increase conversion rates while reducing abandonment. In seconds, Usio confirms that an account is valid including bank details, account number, routing number, balance and holder name. You receive the highest level of security and compliance with Nacha standards. And, Usio Instant Account Validation sits outside the ACH network which means there's no impact to transaction counts or return ratios.
Usio offers a payment platform built for the entire life-cycle of payments. Our Prenote Verification is a zero-dollar entry that notifies the bank that payment will be processed in the future. Plus, our APIs directly integrate with your bank accounts, allowing you to process payments using ACH and multiple other payment methods 2x faster than your existing solution. Usio keeps it simple.
Nacha Certified & Compliant
Mitigates Fraud & Reduce Risk
More Confidence with Increased Conversion Rates
Improve the User's Experience
No Mirco-Deposits Needed
ALL PAYMENT SOLUTIONS
Usio payment solutions are tailor-made for Lenders, Retail, Franchises, Education, Insurance,
Medical, Government, Restaurants, Collections and More. As you grow and technology changes, Usio has a solution.
Hosted Payment Pages
A better customer experience
with your brand
What Separates Usio From Other Fintechs
Usio provides the highest level of fraud detection and security available on the market. Sit back, we've got you covered.
Usio is Nacha Certified! This demonstrates the highest level of commitment toward compliance that other payment companies are not willing to achieve.
Usio offers a dynamic combination of in-house support, Certified Payment Professionals (CPP), project managers, rate analysts, fraud department & marketing pros.
Send or accept low-cost payments using multiple originating banks
Usio is one of a select few broad-industry focused Nacha Certified senders. Ultimately, we provide greater funding control with same-day funding and late cutoff via multiple originating depository financial institutions (ODFIs).
Through constant innovation, Usio ACH allows you to move money to or from any US bank account at a fraction of the cost of credit card processing. We’re also one of the first processors to offer same-day ACH credits to any US bank account.
Using our Usio checkout solution, you can greatly reduce regulatory requirements, making it easier and less expensive to process bank transfers.
Remotely Created Checks (RCC)
RCC is the perfect ACH alternative solution, primarily because they aren't subject to 0.5% fee and no signature is required. Additional benefits include:
- Authorized remotely by phone or online
- Same-day deposits into multiple accounts while processing up to 100,000 checks per batch
- Recurring Transaction Engine: Recurring payments can be scheduled by the customer, allowing recurring payments to run on autopilot
- Automatically send customized reminders and receipts
- Full Stack APIs: Seize the full potential of our solutions by integrating payments and accounting processes.
- Fraud Prevention: Mitigate risk and fraud by validating account information upfront.
- Payment Gateway: Manage accounts in real-time with our feature-rich, enterprise-class payment gateway.
Remote Payment & Presentment Service (RPPS)
RPPS is an extensive network that enables the payment of customer bills. Upon the submission of payments, the bank presents the payments to the RPPS network, which then validates and routes the payments to the payees (billers in the RPPS network). Banks then download confirmation & return files, process the files, and update the status of those payments.
Convenient & Cost Effective. More than anything else, we understand that speed and execution are critical. Usio PINless Debit processing is an alternative electronic payment solution that addresses your unique needs while providing lower cost, real-time debits and instant loan funding with unmatched coverage. Usio PINLess Debit solutions include:
- Debit Card Coverage: Usio supports transactions across all major debit networks, providing you unmatched coverage 24/7
- Real Time Funds: Instantly push funds to a borrower's card, reducing wait times for online lenders and reducing cash requirements.
- Instant Verification: Leverage Usio real-time verification tools to
reduce fraud with the card brands and debit networks.
Usio Text2pay increases collections and payments by giving your customers alternative payment solutions they expect. It’s not only more convenient, Text2pay eliminates the costs and headache of check processing, hand-to-hand cash transactions and more.
iQ Decision Engine
Finally, you have the power to make the best decisions with our advanced credit decisioning engine. Whether online lending is the next step for your business or already a big part of it, we'll help you deliver faster credit decisions in a seamless environment, leading to a much better customer experience. We've created a best-in-class decision engine that's fully customizable to suit your needs and goals. There’s no limit to how much your business can grow.