RetailQ - Biometric Check Fraud Prevention System for Retailers

The difference between RetailQ and other biometric technologies is the use of US Biometrics' nationally shared database called CheckQ. This database is populated by records from financial institutions and merchants from across the U.S. and provides real-time access to previous suspect transaction history within - and outside of - your facility. The true cost of fraud goes far beyond the face value of a check. For every dollar lost, four more are spent identifying and prosecuting the criminal. With the addition of intangible costs such as lower employee morale, workplace disruption, adverse publicity, higher security costs, and legal expenses, experts estimate annual losses at $10 billion for the check cashing industry.

Benefits   Cash customer checks with higher confidence while simultaneously reducing the risk of doing so.   Flag a potential fraudulent transaction BEFORE money exchanges hands at your facility.   Reduce fraudulent losses immediately.   Cashier's see a simple "STOP" or "GO" after a customer's fingerprint is placed on the fingerprint reader.   Reduce cashier stress by relieving them of the duty of being a criminologist.   Transaction fee based service means that there is very little - if any - capital expenditure.   Speed and Convenience. RetailQ allows for the expedient and accurate processing of customers that want to cash checks at your establishment.   Being on the CheckQ Network allows your establishment to benefit from other member establishment's check cashing experiences and vice versa - they benefit from yours.