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10-30-2017, 02:29 PM #1
3rd Party Bank Verifications done without Online Banking - Bank VOD?
Have a merchant, 2nd pos behind IOU - no idea how IOU possibly funded this guy without a bank verification - do they even do them?
Merchant doesn't use online banking.
I try to accommodate new iso and client through a 3rd-party bank verification phone call, which we don't like doing but it's an absolute last option.
US Bank says they don't accept 3rd-party verification calls over the phone, all verifications must be done through 3rd party Bank VOD
Has anyone experienced this? What exactly does it entail?Anthony Diamond
Underwriter
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