First Datas TeleCheck Adds Another Tool to Fight Check Fraud

Tuesday 24 May 2005 01:45 CET | News

TeleCheck Services a subsidiary of First Data Corp. is enhancing its industry-leading fraud and risk management solutions with the STAR Networks STAR CHEK Direct service.

TeleChecks proprietary database and fraud solutions use advanced adaptive decision technology and are the most accurately maintained and complete national source of check writing information available in the industry. STAR CHEK Direct is a unique service that offers TeleCheck the ability to verify funds availability and checking account status in real-time during a transaction. TeleCheck will also support real-time check debits later this year. Adding the STAR CHEK Direct capabilities will increase accuracy in TeleChecks system allowing merchants to accept more check transactions by increasing the number of approvals while reducing the number of returned items. TeleChecks database and risk management system are online and updated in real-time so TeleCheck catches check fraud as it happens making check payments more secure for merchants and consumers.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce