TINCheck
OVERVIEW
App by POS Portal
Verify merchant’s TAX ID and SSN.
Released: December 20, 2012
Pricing: Contact us for details
Category: ID Verification
INSTALLATION
To install this app, please contact one our specialists:
P2 Verify will ensure that you submit correct information in your merchant application. It will save time and resources during the boarding process.
It will give everyone involved: merchant, processor and you a quick turnaround. The verification is done by using services of TINCheck Payee Verification System. You will need to set up an account with TINCheck to start using P2 Verify.
The P2 Verify app will let you perform:
- IRS TIN Matching
- EIN Lookup
- OFAC Checking
- Death Master File Check
- USPS Address verification
P2 Verify fulfills a critical legal requirement for businesses. By IRS law (IRS Section 6050W), a business must report its tax identification number (TIN) and legal business name to its acquiring bank or payment settlement entity to ensure business records match IRS records. If business information isn’t verified, 28% of future payment card transactions may be withheld.
P2 Verify is integrated within the P2 CRM and enables the user to verify merchant data during different stages of the boarding process. P2 Verify is a professional solution for merchant acquiring entities that do not possess resources or systems to effectively and completely validate each merchant in their portfolio. P2 Verify will enable you to remain compliant and avoid any unwanted issues with respect to authenticity of the data of your merchants. It is definitely better to be safe than sorry!
About TINCheck:
TINCheck is a leading provider of compliance services, helping their customers with payee compliance regulations.
Data Security: TINCheck relies on multiple layers of security to ensure all data is processed securely. All internet traffic to and from TINCheck is secured using 128bit TLS/SSL encryption. TINCheck datacenters are Service Organization Controls 1 (SOC 1) certified, under both the SSAE 16 and the ISAE 3402 professional standards. In addition, TINCheck datacenters are ISO 27001 certified and have been successfully validated as a Level-1 service provider under the Payment Card Industry (PCI) Data Security Standard (DSS). For additional security, TIN’s are temporally stored 256-bit AES encrypted in order detect and prevent system fraud.
How do I get it?
P2 Verify is powered by TINCheck.
POS Portal will connect you with a TINCheck sales rep.