| For check cashing businesses there is great new | | | | 1. The customer places their finger on the scanner. |
| technology to stop thieves in their tracks. There is a | | | | 2. The information and picture appear on the screen. |
| payroll check cashing system available that scans a | | | | 3. The check is run through the check reader to |
| person's fingerprint to identify them and serve them | | | | record check information. |
| quickly and confidently. | | | | 4. The customers check cashing history appears on |
| This way of protection eliminates fraud; it tracks check | | | | the screen along with the recommendation on |
| cashing history and improves business. | | | | accepting the check. |
| With the fingerprint scanning it detects repeat | | | | 5. The clerk enters the check amount and fees are |
| offenders no matter whose check they are trying to | | | | automatically calculated. |
| cash and it keeps them from cashing another stolen | | | | This is a great asset to the check cashing industry as |
| check. | | | | this is not a form of ID that can be lost, stolen or faked. |
| It tracks customer history to determine who an | | | | Businesses know who their customers are and can |
| offender was and to catch them in the act a second | | | | cash their checks with ease and assurance. |
| time. It includes a photo, contact information and their | | | | There is a fee table that a company can customize or |
| check cashing history. After the fingerprint scan the | | | | clerks can override this during a transaction if needed. |
| clerk can then view the history. | | | | Chains of stores can use this to share with all the rest |
| What are all the benefits to this technology? | | | | of their locations. It stays private within the network. |
| - This helps businesses gain repeat business as their | | | | This data can also be shared nationwide. There is a |
| customers feel safe and secure using them for check | | | | secure database that shares bad check activity with |
| cashing. Honest customers have no problem with the | | | | all payroll check cashing system merchants. |
| fingerprint scan and are happy to help and refer | | | | Other merchants are notified if someone is attempting |
| others. | | | | to cash another bad check or if they have outstanding |
| - The speed of handling transactions is increased. | | | | items with any other check cashing merchant. |
| There is less need to call banks or check IDS for | | | | There is also notification when a customer is trying to |
| verification. | | | | cash unusually high amounts of checks within a short |
| - Profits are increased for check cashing businesses | | | | period of time to indicate possible fraud. |
| and with those profits usually come better rates and | | | | There are reports that are generated to provide |
| cheaper services. | | | | merchants with the photo and other information related |
| - The need for manager involvement is decreased. | | | | to that customer. |
| Your checks are cashed with confidence and ease | | | | With this new technology, those that cash checks at |
| without final approval. The customers identity is | | | | these businesses can do so confidently and those that |
| checked within the system and any prior unusual | | | | have had checks stolen in the past will know that if |
| activity will have been noted on the system. | | | | someone tries to cash their checks at one of the |
| - More ease of check cashing. The clerk runs the | | | | locations that have this software, that the thief will be |
| fingerprints and checks the system. They then will tell | | | | stopped. |
| the customer if they are approved for cashing or | | | | This is a great resource not only to check cashing |
| declined. | | | | businesses but to consumers as well. Cash |
| How does it work? | | | | responsibly. |