Chex Systems
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ChexSystems

http://chexsystems.com

ChexSystems is a nationwide specialty consumer reporting agency under the federal Fair Credit Reporting Act (FCRA). ChexSystems' clients regularly contribute information on closed checking and savings accounts. ChexSystems provides services to financial institutions and other types of companies that have a permissible purpose under the FCRA.

Products

QualiFile is a Risk Assessment tool that helps Financial Institutions open more of the right accounts. This product is governed by the FCRA and permissible purpose is required for use. An accept, decline or review is provided based on the financial institution’s strategy with a risk score between 100-899.

BizChex provides nextgen business verification with up to five signers allowing financial institutions to mitigate risk and automate the onboarding process. This product provides a real-time decision recommendation delivered to the new account desk. The behavioral risk assessment covers previous business DDA history, alternative data and public record data on the business entity.

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