SCAN is an acronym for the Shared Check Authorization Network, which is the most advanced, up-to-date database of bad check writers in the nation. Comprised of data from the nation’s largest retailers, SCAN enables you to decide whether or not to accept a customer’s check at the point of sale.
Every day, over 400 national retail chains contribute data about customers that have bounced checks in their stores, to one central place: The SCAN database. SCAN also collects information from ChexSysems, which gathers information from over 80% of all banking institutions nationwide.
When accepting a check at the point of sale, SCAN customers use a SCAN terminal similar to the one they use for credit card processing and verify whether or not to accept or decline the check based on the risk assessed by both the SCAN database and ChexSystems. If the check is approved, the sale completes as usual; if declined the merchant simply requests another form of payment.
• Over $200 billion in checks are verified by SCAN each year!
• $444 million in checks are verified by SCAN each day!
• 2.944 billion POS check transactions access SCAN each year!
• 8 Million POS check transactions access SCAN each day.
• 400+ national retail store chains contribute data to SCAN each day!
• 71,000+ retail outlets access the SCAN database!
• 10 million+ unique records are in the database.
P.O. Box 671494
Houston, TX 77267-1494
Telephone No.: 281.902.0252
Toll Free: 1-866-CHECKGUARD
IGF is a registered ISO and MSP of HSBC Bank, USA,
National Association, Buffalo, NY
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