Real Time Check Verification

Being able to prevent fraud before it affects your business is at the core of what Regiscope is all about. We’ve taken this concept to the next level with real time check verification which, as the name implies, reports suggestions for check acceptance or refusal before the transaction is complete. One can immediately see how having this functionality, even with the most basic Digital Regiscope System, can greatly improve your bottom line.

A major concern within the check cashing industry is the cashing of fraudulent checks. Not only does this mean lost money for your business, but it can cost a significant amount of time spent with authorities to apprehend the individual responsible for the fraudulent transaction. Having a single bad check pass through your facility can be costly to business, hence the need for a solution. 

Regiscope’s Real Time Check Verification surpasses anything we’ve done thus far. The process is the same, with only one additional step to take in the check cashing process in order to implement this function, but the benefits are obvious. The system can be used with even the most basic of Regiscope systems because it is able to read the MICR data on the check and verifies it with the keyed in amount of the check. Now you can stop fraud before it happens.