PRODUCTS / PAYMENT & DEPOSIT VERIFICATION

Deposit Chek® Service

 

 

 

 

Verify Deposits and Expedite Funds Availability

Don’t keep them waiting. Verify that the funds your customers are depositing, regardless of channel, are valid in real-time.

HOW IT WORKS
Customer makes a deposit

Customer places a check deposit through ATM, teller, or mobile channel.

Bank Inquiry

The depositing bank submit an inquiry to Early Warning’s database in real-time seeking information on the deposited item to determine its risk profile.

Early Warning Response

Early Warning responds with insight on the account status, type of account and the potential risk of accepting the incoming deposited item to assist in determining whether to accept or decline the transaction.

PRODUCT BENEFITS

Our Deposit Chek Service solution helps you to answer the following questions in real-time:

  • Is this person authorized to transact on the account?
  • Does the payer’s account exist? …and is it in good standing?
  • Is the account in a closed, NSF or other high-risk status
  • Has a stop-payment been placed on the item?
  • What is the likelihood of the item being returned?
  • Is the item a potential duplicate?

Deposit Chek Service also helps you:

  • Enhance the customer experience
  • Reduce losses associated with “high-risk” deposits
  • Decrease average hold times
  • Detect counterfeit and duplicate items
Download Product Brief
BEST AS BUNDLE

Fast, Safe and Easy Interactions

Couple our Deposit Chek Service with our identity solutions to enable fast, safe and easy customer interactions. Our identity solutions enable accounts to be opened with more confidence and mitigate fraud at the front door.

Learn More

Let’s talk about how Deposit Chek Service can work for you.

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Early Warning Services, LLC, is a fintech company owned by seven of the country’s largest banks. For almost three decades, our identity, risk and payment solutions have been empowering financial institutions to make confident decisions, enable payments and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences.

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