Continuing a commitment to excellence and quality
service, WesCorp has partnered with Early Warning Services,
LLC in stopping fraud at the door. The DEPOSIT
CHEK service is an unprecedented check loss
reduction tool that provides advance notification of potential
check returns to participating financial institutions.
Check fraud is now an industry-wide problem,
and WesCorp was the first corporate credit union to partner
with Early Warning Services, LLC in offering DEPOSIT CHEK.
An industry-leading product in check and payment loss prevention,
DEPOSIT CHEK allows financial institutions inquiry access
to the National Shared Database. Updated daily, the database
include the most current checking account status information,
as well as check-level detail on return items and stop payments.
This information helps protect financial institutions throughout
the check’s life cycle.
Sign Up Today
For more information, call us at (800) 442-4366,
ext. 6453.
DEPOSIT CHEK provides your credit union with:
An Extra Level of Member Service –
You can warn your members of potential check deposit returns.
Multiple Levels of Information –
Account Level Warnings and Check Level Warnings are analyzed.
Advance Warning on High-Risk Deposit Transactions
– Minimize loss by reducing check losses
and increasing the detection of potential fraud.
Early Notification of Return Items –
Notifications are always received before the physical item.
User-Defined Inquiry Limits – Set
a minimum deposit limit to be processed for inquiry against
DEPOSIT CHEK.
A Legitimate Reason to Question the Collectability
of a Check Deposit – Here’s the help
you need in justifying whether to pay, not pay or hold funds
in accordance with Reg. CC.
Online “Hit Reports” –
Streamline your research process with this direct link to
the image of the suspect check from the hit report.
A Shortened Return Check Cycle – Your
members will be notified sooner of return checks and can
begin the recovery process immediately.
Seamless Integration with Existing Check Collection
Procedures – DEPOSIT CHEK requires no installation
or change to your existing check collections procedures
and can be integrated seamlessly into your existing processes.
