Payment Method Verification

Bectran’s integration with payment method verification platforms such as Microbilt provides an extra layer of security to all your business transactions.

Protect your company from potential risks by leveraging powerful payment method verification tools directly in the Bectran platform.

Institutions like Microbilt monitor both consumer and corporate transfers and transactions, uncovering fraudulent ACH debits and payments to help you prevent loss quickly.

Whether it’s payment method, corporate identity or identity verification, Bectran is on your side to prevent fraud.

To help impede payment fraud, you need the right tools readily available. Bectran’s payment method verification integration offers powerful prevention to combat ACH fraud.

Benefits of Bectran’s Payment Method Verification Integration

Real-time risk mitigation analytics help to protect you against fraudulent payment and debit schemes.

Continuously synced real-time fraud analytics
Enhanced ACH transaction analytics through multiple data sources ensure that you are in good hands and your transactions are being carefully monitored. Stay within one platform while receiving the most up-to-date data.
Unusual payment alerts
Rest assured knowing Bectran is monitoring suspicious activity around the clock in real time and will alert you immediately when unusual payment activity is detected.
Instantaneous detection of suspicious account access
With the largest database for fraudulent transaction detection, you won’t miss a beat. Accounts are checked against all major global sanctions and unusual attempts will be blocked.

How to use Bectran’s Payment Method Verification Integration to prevent and mitigate fraud in real-time

Utilize Bectran’s payment verification integrations to secure your company from fraudulent applications and ensure you continue to receive payments on outstanding invoices.

  • Use case 1: Verifying that an account exists before accepting payment greatly reduces fraud risk and protects you from liability and revenue loss.
  • Use case 2: Payment verification ensures you get paid for outstanding invoices and protects your business.
  • Use case 3: Verifying payment information early in the process can help mitigate risk and decrease your average DSO.

Use Case 1: Verifying that an account exists before accepting payment greatly reduces fraud risk and protects you from liability and revenue loss.

Before you accept a new credit line application or open a new account, verifying the payment information is a critical step in preventing potential revenue loss and protecting your company.

It might sound like a simple thing, but payment verification is an easy step to overlook. Ensuring that you are accepting bank-funded, authentic payment information is a crucial step in protecting your business.

If you cannot verify that an account is connected to a trusted bank, there’s a high likelihood that the payment source is fraudulent and you leave your company at risk.

Bectran’s payment verification integrations help to mitigate this risk by authenticating payment information in real time without you having to leave the Bectran platform.

Use Case 2: Payment verification ensures that you get paid for outstanding invoices and protects your business.

When you extend a new line of credit, there’s an immediate trust built between you and your new debtor. Verifying payment information goes a long way in helping foster this trust within the partnership.

Similarly, verifying the payment information upfront ensures that you will get paid for outstanding invoices in a timely manner and protects your business in the event of a debtor missing payments.

Bectran’s payment verification integrations ensure that you maintain control over your accounts and helps you continuously protect your business from missed revenue.

Verifying payment information early in the process can help mitigate risk and decrease your average DSO.

When you have outstanding invoices, your Days Sales Outstanding (DSO) is continuously increasing — and we all know this is a pivotal metric that credit departments are measured upon.

By verifying payment information early and keeping it up-to-date in your files, you can maintain control over outstanding invoices, run payments promptly and ensure that your DSO metrics accurately reflect your account.

Bectran’s Payment Method Verification Integration

Keep your accounts secure by verifying payment information in real time with Bectran’s customizable integrations.

Set Up Payment Method Verification Today
support-bg-vector

Featured integrations

E-Commerce Integrations

Speed up your order fulfillment and e-commerce processes by keeping your preferred e-commerce platform linked directly with Bectran.

CRM Integrations

Save time for both your department and your sales team by directly integrating your preferred CRM with Bectran, keeping everything your sales members need right at their fingertips.

UCC Filing Data Integrations

Seamlessly secure your credit lines and speed up retrieval of your UCC filing data with Bectran’s direct UCC integrations.

Corporate Registration Verification

Protect your company from bad actors by ensuring that the companies requesting credit lines are legitimate and credible.

Payment Gateways

Process and apply payments with your preferred payment gateway effortlessly without leaving the Bectran platform.

Bectran
bg-support-vector-bottom