Prevent Consumer Fraud Protection with FraudChek

One major credit or check scam can turn a company's bottom line from black to red before you can say "boom and bust." Fraud can also invite a death of a thousand cuts when lots of small, bogus transactions start draining the vitality from your business.

The good news? FraudChek, Checkgateway's innovative, automated and affordable consumer fraud protection and prevention package lets you stop worrying and wasting valuable staff time on verification, returns and chargebacks.

Perhaps best of all, Checkgateway's FraudChek products put you in the driver's seat with the industry's first - and only - merchant-defined, weighted scoring system. Because all merchants aren't created equal, you determine the level of risk that you are comfortable with and let us do the rest, all in real time.

These two powerhouses are at your disposal with FraudChek, which can assist you with check verification, address verification and other tasks.

Check Verification, Address Verification and Account Validation:

By comparing data with our real-time account verification service, FraudChek can immediately ascertain whether an account is frozen, overdrawn, or otherwise likely to return a check.

Key Benefits:

• Real-time verification of your customer's account status
• Account information is updated daily for the most accurate comparisons against your payments
• Reduced risk and loss - which adds up to increased revenues
• Less of your staff time goes to chasing down payments or handling returns and chargebacks
• Integrated with ChekNow, which lets you turn a check into an electronic payment or remote deposit
• The ChekNow tie-in allows quicker availability of funds - without a trip to the bank

Consumer Identification for Check Transactions:

FraudChek accesses credit bureau information via Experian's powerful data networks to verify the identity of your customer, greatly boosting your immunity to fraud.

Just how much depth you'd like in the verification process depends upon the needs of your business.

FraudChek Basic verifies your customer's name, address, telephone number, social security number, and driver's license. Information is cross-matched, providing you with even greater assurance in your customer's identity.

Online merchants can put even more fraud-proofing muscle in their transactions by using Checkgateway's FraudChek Premier package. Still using Experian's credit bureau information, purchases are approved only after customers successfully answer randomly-generated questions drawn from information in their credit report.

Finally, a product that protects your business from fraudulent purchases made by someone who has only the contents of a stolen wallet to go by.

Key Benefits:

• Positively identify your consumer
• Screen out potential fraudsters at the point of sale - before goods are delivered
• Prevent criminals from using a stolen identity to defraud you
• Weighted scoring model that lets you design the most appropriate level of protection for your business
• A basic component of our ACH processing service
• Integrated with ChekNow