Applied Communications, Inc., has announced the release of BASE24-check auth™ 3.0, the latest version of the company's check authorization product for retail applications.
"As the volume of checks continues to increase, so does the incidence of check fraud--and the fraud is becoming more sophisticated," said Ed Nangold, senior vice president of ACI's Americas distribution channel. "Retailers are caught in the middle. They can't refuse to accept checks, and at the same time need to reign in losses from bad checks."
The new release includes the ability to authorize business, payroll, and government checks using a personal ID; enhanced linkage of a customer's ID with the ability to update all associated IDs to reflect the total check writing history; additional authorizing options for high-dollar transactions; and the ability to support additional check types such as mutual funds and home equity.
The BASE24-check auth system supports the authorization of checks based on positive and/or negative information stored in a local database and both on-line and batch updates of database information. The system can also import data from third-party providers or a retailer's own returned check database.
Applied Communications, Inc., can be found on the Web at http://www.tsainc.com.
