EFD Scan^SM

EFD SCAN^SM is a low cost, effective method to verify checks at the point-of-sale (POS) and improve collections of returned checks. On a daily basis, members contribute information about returned checks to us. We then merge all of this information and provide a daily file update of returned check activity to our membership. The member uses this information to verify whether to accept or decline check writers at the point-of-sale.

EFD SCAN^SM provides you with basic protection against bad check writers through a file of known bad check writers. This prevents you from accepting a check from a consumer who currently has an unpaid returned check owed to any member of the EFD SCAN^SM network. EFD SCAN also provides referral value to the member who contributes the check to the network. Referral value occurs when a consumer is turned down at one retailer because of a bad check that is owed to another retailer. That consumer is referred to the retailer to whom they wrote the bad check and they must pay that check to get off the network and have their check writing privileges restored.