Check Cashing System
The most significant risk factor for check-cashing merchants is fraud checks. Unlike NSF checks, fraud checks are usually presented by organized groups of people who have systematically forged checks to deceive the merchants. Rarely does a "good customer" (one who has been successfully cashing a specific company's check for an extended period of time) present fraud checks. The fraud checks usually come from new customer or existing customer who present a check from a different company. Reduce Fraud with Emaginet.
EmagineNET QuickCheck is build around this principle. It quickly identifies weather a check is from a new or existing company and/or customer. If the check is from an existing company and customer, the system displays the relevant information to help determine the risk and to process the transaction. If the check is from a new company or customer the system goes through the registration wizard that allow the merchant to capture the customer's fingerprints, picture, check image and ID/DL image. In so doing, the system deters people from presenting fraud checks.
