VeriCheck
VeriCheck (VCI) is a bank-sponsored ACH payment processing platform, wholly owned by Commercial Bank of California, providing ACH and card processing through its proprietary Veer platform to ISOs, ISVs, merchants, municipalities, and commercial finance clients across the United States.
- Company typePrivate
- Founded1992
- HeadquartersBlairsville, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What VeriCheck does
VeriCheck (operating as VCI) is a bank-sponsored ACH payment processing platform headquartered in Atlanta, GA with additional offices in Los Angeles, CA. Founded in 1992 as a check guarantee and verification company, VeriCheck evolved over 30+ years into an ACH-focused payments processor and was acquired by Commercial Bank of California (a $3.7B community business bank) in 2017, providing institutional capital and regulatory sponsorship.
The company's core technology is the proprietary Veer by VCI platform, built on Microsoft Azure, offering customizable ACH processing with no third-party processor fees. The product stack includes VCI Payments (combined ACH and credit card gateway), the acquired ACHWorks platform (specialized for commercial lending and high-volume B2B), a REST API with sandbox testing, and supporting modules covering virtual terminal, hosted payments pages, invoice management, client portals, recurring billing, and account verification. The platform integrates with eight payment gateways (Accept.blue, NMI, USAePay, Dejavoo, PayTrace, EPI, PayLow Pro, Reef Pay) and major business software (QuickBooks, NetSuite, Salesforce, Xero, Shopify, WooCommerce, Magento).
VeriCheck generates revenue primarily through transaction-based ACH processing fees ($0.20-$1.50 per transaction plus percentage-based fees on high-volume deals), ISO/reseller revenue sharing with competitive splits, and value-added services including interchange optimization and fraud prevention. Go-to-market combines three motions: ISO/reseller channel partners, API-first ISV integrations, and direct enterprise sales for municipalities, educational institutions, and B2B merchants. As of 2023 the platform processed $60B in combined annual volume, growing from $8B in 2018, with 15M transactions processed in H1 2024 and a 97% partner retention rate reported by the company.
VeriCheck firmographics
Firmographics- Name
- VeriCheck
- Legal name
- VeriCheck, Inc.
- Website
- https://vericheck.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- VeriCheck (VCI) is a bank-sponsored ACH payment processing platform, wholly owned by Commercial Bank of California, providing ACH and card processing through its proprietary Veer platform to ISOs, ISVs, merchants, municipalities, and commercial finance clients across the United States.
- Ownership category
- akta.pro rank
VeriCheck industry classification
Industry- Product category
- Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Services-Computer Processing & Data Preparation (7374), Services-Computer Programming, Data Processing, Etc. (7370), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- ODFI (Originating Depository Financial Institution) Services (FSAMAGAB)
- akta.pro secondary industries
- Recurring Billing & Subscription Payments Enablement (FSAMACAF), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where VeriCheck is headquartered
LocationHeadquarters
- HQ city
- Blairsville
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
VeriCheck business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- ACH Payment Processing Fees: Transaction-based fees charged to merchants for processing ACH payments. ACH fees typically range from $0.20 to $1.50 per transaction plus percentage-based fees (0.5%-2.5% for high-volume processors). ISO partners can set their own transaction and percentage fees, retaining the spread between wholesale and retail pricing.
- Reseller Partner Program: Revenue sharing model where ISOs and resellers earn residual payments from merchant transaction volume. Partners receive competitive splits on transaction fees, with VeriCheck emphasizing that resellers can increase their residual payouts year over year through the ACH processing partnership.
- Gateway and API Integration Fees: Fees associated with integration into payment gateways (Accept.blue, NMI, USAePay) and direct API access through Veer platform. Partners and merchants pay for access to processing infrastructure with no third-party fees on the proprietary platform.
- Value-Added Services: Additional revenue from services including fraud prevention tools, reporting analytics, interchange optimization (saving 0.65%-1.25% on B2B card interchange), and compliance support for NACHA rules.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | ACH Processing - Transaction Fees |
| Subscription | Monthly | ACH Monthly Fees |
| Usage-based | Pay-as-you-go | Same-Day ACH Processing |
| Transaction based/ take rate | Pay-as-you-go | VCI Payments - Credit Card Interchange Optimization |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
VeriCheck product offering
Product offeringCore offering
VeriCheck (operating as VCI) provides ACH and electronic payment processing through its proprietary Veer by VCI platform built on Microsoft Azure. The company delivers customizable payment solutions, a REST API for software integration, the VCI Payments gateway, and the ACHWorks platform for commercial finance, targeting ISOs, ISVs, VARs, merchants, municipalities, and educational institutions. Services include web-originated debit, recurring billing, telephone payments, back-office conversion, accounts-receivable conversion, and invoicing.
Product overview
VeriCheck (VCI) offers a unified platform for ACH and electronic payment processing, centered on its proprietary Veer by VCI platform built on Microsoft Azure. The core product portfolio includes VCI Payments for combined ACH and credit card processing, the acquired ACHWorks brand serving commercial finance and high-volume industries, and supporting modules including Virtual Terminal, Hosted Payments Page, Invoice Manager, Client Portal, and Recurring Billing. Developers access functionality through the ACH REST API with sandbox testing support. The platform integrates with leading payment gateways (NMI, USAePay, Accept.Blue) and business software (QuickBooks, NetSuite, Salesforce, WooCommerce, Shopify) to serve merchants, ISOs, and resellers across industries including healthcare, automotive, municipalities, and non-profits.
Differentiator
Problem solved
Functional benefit
Brands
- Veer by VCI: Proprietary ACH payments processing platform built on Microsoft Azure cloud service for maximum scalability, security and flexibility. Offers customizable ACH processing solutions with no third party fees or restrictions.
- ACHWorks
- VCI Payments
Products and services
- Veer by VCI Proprietary ACH payments processing platform built on Microsoft Azure cloud service, providing customizable ACH processing with REST APIs, virtual terminal, online platform, invoice manager, client portal, hosted payments page, batch processing, and enhanced reporting. Targets ISOs, ISVs, VARs, merchants, municipalities, and educational institutions.
- VCI Payments Combined ACH and credit card payment gateway featuring an electronic invoicing suite, recurring and scheduled payments, secure customer vault with tokenization, advanced reporting, custom user access, automated surcharge, interchange optimization, fraud protection, and multi-MID capabilities. Built for B2B merchants processing high-volume transactions.
- ACHWorks Specialized ACH payment processor and risk management platform for commercial lending, funding, and high-volume industries. Provides advanced solutions for lenders, factoring companies, and recurring-billing businesses with advanced risk controls, fast settlement, and bank-grade reliability.
- ACH REST API Developer-facing REST API enabling integration of ACH payment processing into existing software, websites, or applications. Supports sandbox testing, batch uploads, webhook notifications, and real-time status updates for ISVs and software companies embedding ACH processing into their platforms.
Quantifiable outcome
- ACH processing costs $0.20-$1.50 per transaction vs $3-$5 for paper checks and 1.5%-3.5% for credit cards
- +4 more outcomes
Companies that use VeriCheck
Customer profileNamed customers4 records
Segments7 records
Ideal customer profiles5 records
VeriCheck technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability3 records
Feature6 records
VeriCheck partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and major.
- HyfincoreIntegration announced June 2026 to expand ACH payment capabilities for ISO resellers and merchants. VCI powers ACH payments inside Hyfin's accounts receivable and payment platform, enabling businesses to accept ACH within invoicing, recurring payments, payment links, and collections workflows.
- CloudsquarecoreStrategic partnership to provide lenders with unified payment and lending infrastructure. Cloudsquare's end-to-end lending platform integrates with ACHWorks for payment execution, risk oversight, and servicing workflows. This partnership aligns payment management within the core lending workflow rather than fragmenting it across systems.
- Applied Payments, LLC (ACHWorks)coreVeriCheck acquired Applied Payments, LLC, operating as ACHWorks, in January 2022. The acquisition expanded VeriCheck's payment services and fintech solutions, integrating ACHWorks' payment technology and team to strengthen capabilities in the commercial finance sector.
- NMI (Network Merchants Inc)majorGateway partnership providing highly flexible omnichannel payments gateway supporting online, in-store, mobile, and self-service channels. Offers multi-MID capabilities and consolidated reporting designed to scale with growing merchant needs.
- Accept.bluemajorGateway partner providing cloud-native payment gateway with PCI Level 1 compliance, interchange optimization, tokenization, recurring payments, and WooCommerce plugin supporting ACH/e-checks.
- USAePaymajorGateway partner trusted for robust security, developer-friendly features, and broad merchant-type support including eCommerce, POS, mobile, and B2B. Offers hosted payment pages, tokenization, virtual terminals, and customizable reports.
- MUNIRevscoreTax collection software company collecting millions of dollars per month for municipalities. VeriCheck is the preferred partner for all ACH debit payments processed through MUNIRevs' specialized software.
- Oracle NetSuitemajorIntegration enabling ACH processing within NetSuite's ERP and CRM platform serving over 20,000 organizations across 100+ countries. Supports accounts receivable automation and payment reconciliation.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
VeriCheck competitors and assessment
Company assessmentBroad incumbents
- Plaid: Plaid is a broad financial-data connectivity platform with ACH initiation (Plaid Transfer) that competes in the same software-developer, bank-rails space as VeriCheck. While much larger and better-capitalized, Plaid's ACH product overlaps with Veer's API-first offering for embedded use cases.
- Paymentus: Paymentus is a bill payment technology and processing provider serving utilities, municipalities, and government agencies — overlapping with VeriCheck's municipal government vertical and ACH bill-pay capabilities.
- Stripe: Stripe is a broad payment processor with ACH support (Stripe ACH Direct Debit) and developer-first APIs. While dominant in cards, Stripe's ACH offering competes with Veer for software-developer mindshare and integration into SMB and enterprise platforms.
- Bottomline Technologies: Bottomline provides B2B payment and treasury solutions including ACH, with a strong foothold in commercial finance and large enterprises. Its commercial-finance ACH capabilities overlap directly with the ACHWorks division VeriCheck acquired in 2022.
Direct peers
- Dwolla: Dwolla is an ACH payment API platform enabling developers to integrate bank-to-bank transfers into software. It directly competes with VeriCheck's Veer REST API and ISV/embedded integration motion, targeting the same software-platform developer buyer with similar ACH processing value propositions.
- Modern Treasury: Modern Treasury provides a payment operations platform for ACH, wires, and RTP with strong developer APIs and B2B focus. It competes head-to-head with Veer by VCI on the API-first ACH narrative and targets software companies building payment flows — the same core ICP as VeriCheck's ISV segment.
- Finix: Finix offers payment infrastructure for software platforms to embed ACH and card acceptance with full-stack controls. Comparable to VeriCheck's ISV/Developer Integration channel, Finix competes on API-first ACH enablement, especially for B2B and platform businesses.
- PaySimple: PaySimple provides SMB-focused ACH and card payment processing with recurring billing, invoicing, and hosted payment pages — a near-direct overlap with VeriCheck's VCI Payments product and SMB merchant focus.
- Forte Payment Systems (B2B Gateway): Forte (now B2B Gateway) provides ACH and card payment processing specifically for software platforms and ISVs. It competes with VeriCheck's ACHWorks commercial finance business and ISO/ISV distribution model.
- Actum Processing Services: Actum Processing Services specializes in ACH and electronic payment processing for verticals like healthcare, property management, and nonprofits. It targets similar merchant segments as VeriCheck with comparable recurring billing and verification features.
Market position
Strengths4 records
Weaknesses3 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
VeriCheck social profiles
Digital presenceVeriCheck compliance and trust
Trust signalCompliance2 records
VeriCheck financial estimates
Financial estimateRevenue estimate
Valuation estimate
VeriCheck leadership team
Management profileNumber of profiles
Profiles12 records
VeriCheck subsidiaries and ownership
Company hierarchySubsidiaries3 records
VeriCheck funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VeriCheck M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VeriCheck
What does VeriCheck do?
VeriCheck (operating as VCI) provides ACH and electronic payment processing through its proprietary Veer by VCI platform built on Microsoft Azure. The company delivers customizable payment solutions, a REST API for software integration, the VCI Payments gateway, and the ACHWorks platform for commercial finance, targeting ISOs, ISVs, VARs, merchants, municipalities, and educational institutions. Services include web-originated debit, recurring billing, telephone payments, back-office conversion, accounts-receivable conversion, and invoicing.
Is VeriCheck a public or private company?
VeriCheck is a private company. It is classified as corporate owned and is currently operating.
When was VeriCheck founded?
VeriCheck was founded in 1992. It employs 11 to 50 people.
Where is VeriCheck based?
VeriCheck is headquartered in Blairsville, United States, in the North America region.
How does VeriCheck make money?
Four revenue lines are on record. ACH Payment Processing Fees are the primary driver. The others are reseller Partner Program, gateway and API Integration Fees and value-Added Services.
Who are VeriCheck's main competitors?
Broad incumbents on record are Plaid, Paymentus, Stripe and Bottomline Technologies. Direct peers are Dwolla, Modern Treasury, Finix, PaySimple, Forte Payment Systems (B2B Gateway) and Actum Processing Services.
Does VeriCheck have an API?
Yes. VeriCheck offers a REST API for ACH payment processing, enabling developers to integrate ACH, credit card and eCheck payment processing functionality directly into software, websites or apps. The API provides single-integration access to payment processing, supports sandbox testing, and allows merchants to leverage customizable ACH processing solutions with no third party fees or restrictions. Webhook notifications and real-time status updates are supported. Developer documentation is at docs.vericheck.com.
What industry is VeriCheck in?
VeriCheck's product category is Payment Processing. Its primary akta.pro industry code is FSAMAGAB, ODFI (Originating Depository Financial Institution) Services, with a secondary code of FSAMACAF, Recurring Billing & Subscription Payments Enablement. Its NAICS code is 522320 and its SIC code is 7374.