TeleCheck helps deter check fraud by providing debt verification and risk-based decision information. It keeps a database consisting of bank account and check debt records reported by merchants. Additionally, TeleCheck reviews check information and distinguishes patterns consisting with valid checks or fraudulent checks. You may encounter TeleCheck if a store declines your personal check or you are unable to open a bank account. Besides TeleCheck, your information may appear on a variety of alternative specialty consumer reporting agencies.
ChexSystems (consumerdebit.com) has numerous financial institutions that submit information in regards to mishandled banking accounts such as checking and savings accounts. The data helps financial institutions evaluate a risk of opening a new bank account for a costumer. ChexSystems does not make the decision of opening new accounts. The final decision comes directly from the particular bank.
Fidelity National Information Services (fisglobal.com) offers DebitBureau, a service that helps merchants assess consumers prior to opening a account. This services is powered by the ChexSystems. DebitBureau also helps merchants determine the risk factor of opening a new account with a potential costumers. Additionally, it keeps a record of fraud alerts and account-holder data from various financial institutions.
The gaming industry may opt for Certegy (certegy.com) to help prevent fraud and assess risk of people gambling at casinos. It reviews information to verify personal checks and for check cashing. Additionally, Certegy also has numerous reports and information systems to assist in monitoring and evaluating player activities and makes sure transaction are in compliance.
CrossCheck (cross-check.com) provides retailers and the auto industry with check services to reduce risks such as fraud. It keeps records of the habits of consumers. When you submit a check for payment, CrossCheck verifies the your history of writing good or bad checks through a database.