Check Cashing Database Solutions


Check Cashing Database Solutions

Workers’ compensation fraud cost society billions of dollars every year. One of the most common and organized types of fraud, often found in the construction industry, involves using check cashing businesses to cash large corporate checks in order to make payments to workers of uninsured subcontractors. Veritec’s solution creates a check cashing database to increase the flow of information between check-cashers, the Office of Financial Regulation, the Division of Workers’ Compensation and the Division of Insurance Fraud regarding commercial/third-party checks, allowing for the efficient and timely detection of fraud schemes.