When making payments or collecting from bank accounts it is always a good option to verify that the bank account being used belongs to the company or individual that you intend transacting with . Netcash uses the Risk report service for AVS ( Account Verification services).
Payments to and from verified recipients will give you the peace of mind that you have paid to or debited the correct bank account.
To verify the owner of the account all you need is the account number, branch code, name and ID number of the customer you are verifying. When dealing with business bank account, the company registration number is used instead of the ID number.