This type of system keeps records of the account number for all checks that don't clear and can tell if that particular checking account has had returns in the past. The account history database offers a database with historical data on the account itself, and not just the person writing the check. Negative check database systems can cause customer service issues between retailers and their own customers, because there is no limit to the time period that is considered. This type of information is a valuable tool for loss prevention because it identifies historically or habitual check bouncers who are more likely to re-offend.
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This type of verification is usually linked to the person writing the check and runs the verification using their driver's license number. This leaves companies that use historical data reliant systems in a position of sometimes denying customers that have a valid check, but managed to get on the negative check database. These databases are often bundled with "check guarantee" services like ChexSystems. Historical data check verification services that use a national network with a negative check database can be difficult for consumers and businesses to remove themselves from once they get on, even in the case of errors. Some check verification services also offer collection agency service for the civil prosecution of check fraud.Ĭheck verification services can use a number of different methods or may combine a number to verify the validity of a check.Ī negative check database contains a comprehensive list of people who either wrote a bad check at a retail location, paid a bill with a check that was returned, also called " bouncing a check". Check verification companies will often offer one, two, or all of the different services in their own system. Some banks bundle a level of this service with a business checking account or with a bank credit card acceptance program.
In the United States, there are a number of third-party companies that provide check verification services. Outside the United States the decline in check usage in favour of debit cards and credit cards has meant that cheques are rarely accepted by merchants thus rendering cheque verification services obsolete.
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