Discover how Check Karma's fraud prevention tools help retailers reduce fraud, ensure compliance, and protect their transactions.
The automated decisioning system evaluates each check for fraud risk in real time, offering immediate protection. By analyzing historical transaction data, it ensures only valid checks are approved, significantly reducing return rates and chargebacks.
The system verifies routing numbers to confirm they are active and recognized in the U.S. or Canada. This step ensures the account is legitimate, helping retailers avoid errors and prevent potential losses.
The platform conducts in-depth checks on account history to uncover warning signs like frequent returns, unpaid items, or accounts previously marked as closed. This proactive approach reduces the risk of processing fraudulent checks.
The fraud prevention system lets businesses customize risk thresholds based on customer behavior and transaction volume. Whether you handle a high volume of checks or just a few, settings can be tailored to match your specific needs.
Real-time alerts are triggered when a high-risk check or account is identified. You’ll be notified instantly if an account is flagged as closed or shows a pattern of unpaid transactions.
A risk score is generated for each check based on factors like past check activity and account reliability. This scoring system supports better, more informed decision-making at the point of sale.
AI technology detects emerging fraud patterns and continuously enhances the accuracy of prevention measures. This helps you stay ahead of evolving fraud threats.
The check cashing industry is evolving, and so are fraud tactics. Retailers now have access to the tools needed to stay secure and compliant, ensuring their business remains protected.
We help retailers fight fraud in the check cashing business with smart, scalable tools built for real-world transactions.