Transaction Status Envelope
Banks and lenders are struggling to meet the regulatory requirements in today's environment of increased ACH scrutiny. InterceptEFT's patent-pending Transaction Status Envelope (TSE) enables the bank and lender to verify up to 3 critical pieces of information for each transaction in order to satisfy regulators.
TSE validates the lender's state licensing and consumer residence. Additional documentation such as consumer authorization is also secured. All 3 components are captured and packaged into a single, online "envelope". Breathe easy with secure and accurate information that won't slow you down.
Convenient: All customer and merchant information is secured before it arrives to the ODFI in a single, online envelope.
User Interface: Lenders access a branded bank site to submit envelope documentation.
Fast: Easy access to an envelope status reduces the back-and-forth interactions needed to authorize and validate each transaction.