Fraud Protection Tools
Early Warning® Services DEPOSIT CHEK® Reader
DEPOSIT CHEK® Reader provides the highest level of fraud protection, because the
credit union receives advance notification of potential return items before
deposits are made.
Catalyst offers Early Warning Services’ DEPOSIT CHEK service to provide member credit unions advance notification of high-risk deposits. DEPOSIT CHEK helps prevent fraud and expedite funds availability decisions.
Most major financial institutions contribute daily account status updates to the
DEPOSIT CHEK service. With the Reader service, check readers are usually set up
at the teller line and in new accounts. When a deposit or payment is presented
to the credit union, the item is immediately matched to DEPOSIT CHEK's national
shared database of accounts for account status and authenticity of the account
owner. If factors point to a potential return, the credit union receives a
warning before the item is deposited.
This service is also available with next-day notification (DEPOSIT CHEK Inquiry).
To put this service to work for your credit union, email an account executive at firstname.lastname@example.org or call 800.442.5763.