VyStar routing numbers are what allow banks the freedom and flexibility they need to cater to their customers. VyStar was created by banking institutions to help them streamline their operations and give their customers more options when looking for a bank. VyStar was designed so that customers can get the best possible customer service experience whenever they choose to do business with a given financial institution. VyStar itself does not deal with customers.
The VyStar technology allows for customers to select one of many different VyStar routing number and then be connected to anyone in the system using that one routing number. The concept is quite simple actually. Once a person subscribes to a credit union or similar banking firm, the VyStar system takes that information and creates a unique virtual number for every member of the company. Then that person can simply enter that number into their VyStar account and instantly gain access to all of a company’s branches where they would otherwise be unable to find an open desk.
How does VyStar accomplish this? It does this through a technique known as LSR-ing. In the online banking world, the term LSR refers to a loop trace or series of routes taken from a client’s initial deposit to their deposit for that financial institution. By taking the entire path of a given deposit and tracing it, any branch of the financial institution is given the opportunity to add another line to the routing number and thus increase that client’s available lines.
LSR routing numbers are also used by the electronic cash transactions processed at many of the Jacksonville offices as well. When the customer requests funds from a bank, they are required to provide their banking or payment account number as well as their routing number and account number. If those details do not match, then the transaction is declined. To ensure that the correct account number is provided to each receiving branch, VyStar assign a system referred to as “jacksonville gateway” accounts to each particular financial institution. These banks use their own proprietary systems to verify that the appropriate routing number and account number have been assigned, so that the deposit and withdrawal of funds are completed as intended.
Why would anyone want to change their routing number and account numbers? The answer is simple. A person may have, for example, two separate phone numbers for bills and savings. While one is paid directly by the government and the other is held by a separate bank, which might be in Jacksonville, FL or elsewhere, both billing numbers must remain exclusive to the respective clients. Changing them can make it very difficult to return money to a former client for a credit card or debit card purchases, or to check a balance due in a prepaid debit card or bank account.
How, then, does a business go about procuring the changes to its routing numbers and account numbers? Every business can do it – online banking provides it. Most online banking services will provide customers with a centralized web page where they can enter the information to apply for any changes in routing numbers and account numbers. Once done, the system will perform a quick analysis of the information submitted and, if anything, will notify the customer via email, phone call, or push notification, letting them know that a change has been made. In many cases, a business can complete this entire process from the convenience of its office, saving the time and aggravation of having to go from one location to the next to make such changes.
But how does VyStar differ? It uses a nine-digit authorization code, rather than a routing number. The nine digits simply identify the customer’s financial institution and it is applied to each transaction (even when the transaction is not a debit or credit transaction). In this way, VyStar clearly has a far wider application in helping businesses access their accounts quickly and easily. And even if the application process isn’t as simple and convenient as it is from the privacy and security standpoint, most companies will find that it is still more effective than requesting routing numbers.
VyStar routing numbers don’t have to be hard to obtain. When you are looking to buy stock or transfer money, the process involves asking your financial institution for your routing number and application (you may also be asked for your last four digits of credit card or debit card number). With VyStar, you simply need to give the web site your nine-digit authorization code. You will receive verification that the numbers are valid, and you will then be provided with your account numbers. You can then log into your account and check account and routing number information at any time, day or night, as long as you’re logged on to the internet. This ensures that you won’t miss an important trade opportunity.
