Check Cashing Network Features:
**NEW COMPARE WITH ORIGINAL COMPANY CHECK IMAGE
When you scan a check to be cashed an image will pop up on the computer screen showing exactly what the check should look like. If the images don’t match you automatically know the check in your hand is a counterfeit
**NEW FREEZE CUSTOMER STATUS
Customers status will be set to Freeze if cashing more than five checks within preset number of days or if exceeding an preset dollar amount.
OCR TECHNOLOGY ( optional )
Checks and ID are automatically read, no typing required. The system grabs all of the information from the ID and the check. Makes for fast transactions and eliminates chances for employee/ operator error.
UP TO THE MINUTE INFORMATION FOR CUSTOMERS CASHING CHECKS IN YOUR AREA
Businesses can view other customer checks entries an all location with the exact time
( hour and minute ) when checks are cashed.
FRAUD CHECKS WILL BE STOPPED BEFORE IT GOES TO THE BANK
Usually customers that pass bad checks will attempt to go to many different location and continually attempting to cash the fraudulent checks (mostly Saturday and Sunday while banks are closed) and they will not be detected by the business.
With CCN, the business will know that this customer has already cashed the same check or another check and the exact time they cashed, and will have the option to view this check images for more verification. Businesses will save the money by not cashing those fraud checks.
0% COMMISSION FOR CHECK VERIFICATION RECOMMENDATION
REPORTS DAILY/ WEEKLY/MONTHLY
Businesses have the ability to view their check cashing reports, either by day, week or month. Specific date ranges can also be entered going back up to five years, thus keeping you in compliance with the IRS, Department of Commerce and the Patriot Act. By using our system you are in compliance with all laws and regulations concerning check cashing and record keeping.
CHECK RECOVERY
Included in our basic service is check recovery. Our own internal collection agency will attempt to collect on any bad checks you receive. We will send collection letters, make phone calls and file in court when necessary. The person who cashed the bad check will have their account set to “BAD, DO NOT CASH FOR” and will not be allowed to cash checks again until their debt is repaid.
NO ID NEEDED IF CASHED IN OUR SYSTEM
We are the only system to offer NO ID *after first time. The first time you cash a check for someone you scan their ID and a perfect image of their ID is saved in the system. The next time they come all they need to do is give the last four digits of their SS# or last name and their account will pop up in seconds.
TRACK CUSTOMERS HISTORY ANYWHERE IN THE STATE
Check cashing history appears on the screen instantly along with recommendation and all checks cashed for this person .
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SHARE NEGATIVE AND POSITIVE INFORMATION AND ID/CHECK IMAGES NATIONWIDE
CCN system maintains a secure database that shares bad and good check activity with all businesses.
ACCESS EVIDENCE REPORTS FOR THE COURT
If fraud occurs CCN stops the offender from cashing another check and helps prepare the merchant to recover them. CCN can provide the merchant a report that includes the customers picture, check image and important customer and transaction information.
KNOW CUSTOMERS PREVIOUS CHECK CASHING ACTIVITY IN OTHER LOCATIONS AND SEE IMAGES OF THESE CASHED CHECKS. This convenient feature allows businesses to share customers information across a network of stores no matter where the customer enrolled within the network. This helps improve customer service, and businesses will feel more secure to cash more checks for new customers.
CREATES CUSTOMER LOYALTY/ INCREASES REPEAT BUSINESS
Customers enjoy the fact that they do not have to show their ID after the first time they cash a check. Many people do not like to carry their IDs with them and when they know all they have to do is give the last 4 digits of their SS# or name, present their check and have their cash in just minutes, with no hassle, they will come back every time and chances are they will their friends with them to cash their checks. Not only does your check cashing profit increase, so will your stores bottom line revenue.
STATISTICS
Statistics show that on an average; roughly 5% of the check amount will be spent while the customer is in the store. Assuming an average $300 check and store margin of 30% each check cashed represents and incremental $5 in store sales and 5$ in net margin. If 300 checks are cashed each month, this represents an extra $4,500 in revenue and $1,500
net margin to the bottom line.
SPEED TRANSACTIONS
Handle more customers in less time with instant access to a customers picture, contact information, and check cashing history, their is less need to check ID’s , call the bank or call the check maker. The process of identifying customers is very easy and fast after a customer cashed the first check, they will no longer have to present their ID again.
- No ID needed
- Faster lines
- Increases your customers
- Enrolling customers (about 4 seconds) is fast and easy
- Cash a check (about 5 seconds) is fast and easy
- Accept or decline each check
- Monitor systems to prevent problems from happening
- Multi store technology
- Dedicated service team
- Check cashing history at your site( about 1 second)
- Enhances your business
- Increases your bottom line
- If the manager is not around anyone can cash a check
- Cuts down on identity theft
- Able to provide details of the person that cashed the check for the court, print his/her picture, signature, check history
- Easy to use
- Measures your loses
- View multi store data
- Fast, accurate
- View check by maker
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