Editing Check verification service (section)

== Business ==

Check verification services have been most common in the United States, in Europe a [[cheque guarantee]] system operated for a number of years that could be used by merchants until the usage of cheques declined to the point where it was no longer necessary. Outside the United States the decline in check usage in favour of [[debit card]]s and [[credit card]]s has meant that cheques are rarely accepted by merchants thus rendering cheque verification services obsolete. In the United States, there are a number of third-party companies that provide check verification services.

Some banks bundle a level of this service with a business [[checking account]] or with a [[bank credit card]] acceptance program. Check verification companies will often offer one, two, or all of the different services in their own system. Some check verification services also offer [[collection agency]] service<ref>{{cite web |url=http://www.transworldsystems.com/about.asp |url-status=dead |archive-url=https://web.archive.org/web/20011007052301/http://www.transworldsystems.com/about.asp |archive-date=2001-10-07 |title=About Transworld Systems}}</ref> for the civil prosecution of check [[fraud]].