2. Check Verification
Checkcare’s check verification system searches a nationwide database of over 120
million checking accounts and alerts you if your customer has written bad checks
checks.
The service also protects you from returned checks by identifying consumers who
have recently been conducting an unusual level of check-writing activity. The
national bad check database, which is owned and managed by Intuit, the maker of
Quickbooks, is a repository of over 30 million bad checks writers.
In addition to accessing the national bad check database, the system monitors
check writing activity, and allows merchants to restrict the number and amount of
checks accepted from any one individual. These velocity restrictions can be
individual
applied on an individual store level, or across a group of client locations.
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3. The Service O e s
e Se ce Offers
Low cost way to avoid bad checks before you accept them.
Customized to your store.
Nation-wide database of over 120 million check writers.
Bad check database of over 30 million bad check writers
Check writers are identified by driver’s license and checking account
Separate velocity rules can be set for new customers and for established
customers.
Early Warning option allows direct access to checking account for
verification of funds
funds.
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4. Features
• Checks are verified in real-time Process time is 3 to 6 seconds
real time. seconds.
• Fast and inexpensive precaution at the point of sale or over the internet.
• More likely to identify problem check writers than competing services
services.
• Uses the Intuit national bad check database with over 120 million
checking accounts
accounts.
• Identifies negative data (accounts with unpaid returned checks).
•D
Descriptive responses right on your point-of-sale t
i ti i ht i t f l terminal explains
il li
reasons for declines, and for warnings.
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5. Features, Cont
• Descriptive responses right on your point-of-sale terminal explains
reasons for declines, and for warnings.
• High check volume is flagged to identify potential fraud accounts (data
indicating unusual/suspicious use of account).
• Easy for y
y your staff to learn and use.
• Inexpensive to implement.
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6. Conclusion
• Check Verification will significantly reduce bad check losses.
• Check Verification identifies and reduces exposure to fraudulent check
writers by cross-referencing drivers licenses to checking accounts.
• “Check runners” who attempt to quickly write bad checks at multiple locations
can be identified and stopped through the use of velocity rules.
• Velocity rules can be customized by the merchant. Separate rules can be
y y p
established for new customers and for established customers.
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