We are getting hammered with returned checks. I suspect some type of fraud/forgery software within our industry might exist to determine faster whether or not an item might be returned due to fraud/forgery/alteration, etc., and probably subscribed to by a consortium of major commercial banks. It's not surprising that the checks usually come back just after the Reg CC holds come off. Is anyone currently using any type of software, or know of any software that exists? Thanks

This may not be what you have in mind but look at ChexSystems Fraud Finder. It's an add-on to their regular service. Trans Union offers Total ID. I think they are both geared to when you open the account. They might be able to help you decide if a certain customer is a risk you want to take.

Why are you takng the loss on these returned checks? You should have a check cashing policy and adhear to it. Do not cash checks payable to businesses, do not cash personal checks for non customers, cash only payroll checks that are on an approved list that you develop for your area, and charge a check cashing fee for these non customers payroll checks.

Aren't your staff Trained on detecting forgery and counterfeiting ?