BancTech offers the option
of utilizing the largest and most accurately maintained database and
risk management system in the country as a stand alone
product. With this program, you can access tens of thousands
of check writer's data prior to accepting checks. Because this
service was designed for high-volume retail sales, the transactions
take place in a matter of seconds and dramatically reduce fraud
right at the point-of-sale.
You have the ability to predetermine your
check acceptance policies according to the amount of liability you
are willing to extend your check writers. When combining
Verification with Electronic Check Recovery (RCK), you have a
comprehensive risk management program designed specifically to meet
your needs.
Key Benefits
- Fast and inexpensive
precaution with point-of-sale or browser based
capabilities
- Ability to customize to your
location
- Nationwide database of over 76 million
check writers
- Identifies negative data (accounts and
ID's with unpaid returned checks)
- High check volume is flagged to
identify potential fraud accounts
- Descriptive responses right on your
point-of-sale terminal explaining problems or warnings, if
any
- Easy for your staff to learn and
use

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