Check Cashing Challenge #1:
Keeping eyeson® all employees remotely

Solution:
CheckMaster is one of the first to integrate with the “EyesOn digital surveillance” system. This integration allows you to record, watch, and index all employees’ and customers’ transactions. Each transaction is superimposed digitally onto the surveillance video for future reference. Specific transactions can be found and viewed in seconds, rather than taking hours to uncover.

Check Cashing Challenge #2:
Compliancy and CTR filing issues

Solution:
CheckMaster can track all customer activities throughout multiple locations. This is a Federal requirement for CTR filing so you can remain compliant in meeting reporting requirements. CTR forms can be filed electronically, thereby saving you additional time and resources. CheckMaster also checks the OFAC SDN list against each customer on every transaction in real-time to help comply with BSA requirements.

Check Cashing Challenge #3:
Daily banking deposit limitations

Solution:
CheckMaster is able to manage multiple bank accounts. If you have several banks you do business with, you know how time consuming it can be to go through all the checks to determine if you’ve exceeded your daily deposit limit with each bank. CheckMaster can assign different bank deposits at the time of transaction. Then you can easily run a deposit report to see, real-time, where you stand with each bank.

Check Cashing Challenge #4:
Cash Management

Solution:
Check Cashers spend so much time managing their cash between going into drawers and running to banks and safes that it can become overwhelming. Data Age has created a cash management system in CheckMaster that is the best in the business. Our users can manage all cash drawers and multiple safes and banks from one screen. Nobody handles Cash Management as easily or more intuitively than CheckMaster.

Check Cashing Challenge #5:
Bank discontinuance

Solution:
Check 21. Automatic deposit of checks electronically into check casher accounts can save CheckMaster users time and money. They know the check is being deposited immediately. This decreases the number of bounced checks by clearing more quickly. Plus, they can save money on the cost of an employee having to leave the store to make deposits, shipping charges for non-local deposits, and not having to carry insurance on the deposits.

Check Cashing Challenge #6:
Forged signatures on checks

Solution:
Signature Capture. Many fraudulent checks have signatures that have been forged. We have added a signature capture and compare feature to CheckMaster to help to eliminate this problem. Corporations can submit the signatures of corporate officers or appropriate signatories, which then can be scanned into CheckMaster and compared on the screen at the time of transaction. Obviously, reducing forgeries can add to your bottom line.

Payday Loan Challenges #1, #2. #3:
Is this check good?
Is the account in good standing?
Is this customer who they say they are?

Solution:
Check Verification. The above are all important questions that check cashers and payday lenders need to know when a customer wants to cash a check. Through our integration with NCMS, CheckMaster can give this information to the teller at the time of the transaction as well as checking on the account on which the check is drawn. This vital information will help all front line personnel to clearly identify their customers and thereby significantly reduce bad checks.

Payday Loan Challenge #4:
Collections

Solution:
CheckMaster helps to better manage the collection process by organizing any overdue loans by “commitment dates” and then logging and reporting all calls made. CheckMaster can also print the front and back of the returned check along with the photo ID image of the customer to help further streamline the processing. This solution helps to ensure that the process is seamless and practically error-free.

Payday Loan Challenge #5:
Overextended credit to customers

Solution:
CheckMaster has the ability to tie all the data from multiple stores together so that at the time of a transaction it will warn employees about existing open loan amounts. This is especially important for those states that do not report to a central database. CheckMaster is also compliant with all centralized state databases. Overextending credit is a thing of the past with CheckMaster.

Payday Loan Challenge #6:
Keeping track of customer documents

Solution:
CheckMaster allows for the electronic imaging of all documents to be stored on file for a customer. These documents can be immediately retrieved and ready for review. CheckMaster can require an employee to re-scan the documents after a predetermined number of days. This record-keeping solution permits more accurate record keeping, closer scrutiny of documents and the opportunity to review materials in a more orderly fashion.

Payday Loan Challenge #7:
Inventory control

Solution:
PawnMaster automatically prints barcodes on all merchandise labels. This is not only important for quick and accurate Point Of Sale Transactions but also enables its users to audit their inventory, (pawn, retail and layaway) on a much more frequent basis. Wireless PDA technology allows the end user to compare pictures, bin locations and descriptions in a real-time connection to the server database.