Deposit Chek® delivers real-time insight into the account status and risk of deposited items, helping financial institutions balance customers’ expectations for immediate access to funds with the need to prevent losses from fraudulent, high-risk, counterfeit, or duplicate items.
Strengthen deposit decisioning with network-informed intelligence.
Confirm external account status and ownership instantly, reducing holds and speeding up access to funds – improving onboarding, lowering abandonment, and helping your institution grow new customer relationships.
Screen deposits in real time to help mitigate fraudulent or risky items early, reduce fraud loss, ease operational workload and support quicker, more confident funds-availability decisions.
Enable secure account linking and transfers by confirming external account status, ownership, and authorization - all helping to prevent errors and fraud.
Utilizing real-time Treasury Check Verification System (TCVS) and payee name data, Deposit Chek can help detect canceled, duplicate or altered Treasury checks to help avoid liability, streamline operations and speed up funds availability.
Validate both account ownership and transaction authorization of an external account to reduce unauthorized check or ACH fraud.
Deposit Chek® can scale to meet your needs. Configure the solution to align to your business and risk tolerances.
Detect potentially fraudulent new account funding sources and high-risk deposits, mitigating risk and decreasing fraud at your institution.
Reduce manual reviews and optimize team resources by streamlining the time required to address fraud cases.
Real-time screening across deposit channels reduces unnecessary alerts, accelerates funds availability, and empowers a seamless banking experience.
In 2024, Deposit Chek® helped the U.S. Financial system save $1.67 billion in total potential fraud loss.
A customer deposits an item through any channel – branch, ATM, mobile, or online.
The financial institution sends a real-time inquiry to the Certos℠ network to assess the item’s risk.
Certos℠ responds in real-time with insight on the account status, ownership, and a proprietary risk score for the deposited item.
The institution uses this insight to confidently post, hold, or return the item based on its risk policies and tolerance.
Enhanced Deposit Chek® tools
Deposit Chek® brings multiple risk indicators together in a single solution to help institutions evaluate deposit risk with clarity. From account status and ownership checks to proprietary, predictive scoring and duplicate detection, these tools work together to support fast, secure, and accurate funds-availability decisions.
Indicates the open, closed, or overdrawn status of the presented external account as well as whether an item is drawn from a new account, credit card, brokerage, or other type of account.
Data Provided: A status code summary
Provides unparalleled visibility into the return risk associated with check and ACH transactions, as well as the historical status of transactions drawn from the presented external account.
Data Provided: A proprietary risk score
Helps detect potential counterfeit or duplicate items by analyzing transit data, ACH activity, and recent account return patterns.
Data Provided: An item-level response
Validates that an individual being inquired upon owns, or is authorized to transact on, an account.
Data Provided: A Yes/No response and match score
The Certos℠ network brings together decades of shared intelligence and advanced analytics to provide a comprehensive portfolio of identity, account, and payment risk solutions, offering deeper insights than any institution can achieve alone.
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