CHEXAR System
CHEXAR Check Cashing and Guarantee
For the underbanked consumer it is important not to confuse “instant availability” in a traditional account sense with “good funds” instantly available. In the traditional account scenario, even if the funds are credited “immediately”, the credit is by definition “provisional” and will be reversed if the check bounces. This is not “good funds” and this consumer knows it. Chexar is leading the path in the industry to enable the connectivity and confidence levels between the program managers, issuing banks, card processors and mobile technology companies to make instant “good funds” a reality on mobile and other forms of self service.
CHEXAR’s check cashing and guarantee solution enables you to safely offer check cashing or check-to-card loads for checks of all types: All checks includes over 20 different types of checks commonly cashed by traditional check cashers in the market. No matter what the scenario, Chexar can handle any US denominated check you want to cash or load for your customers.
With almost 10 years experience Both at El Banco cashing our own checks utilizing this platform, and as Chexar serving thousands of locations and millions of consumers approving over $3 Billion in checks, we can safely stand behind our performance. We are the only company willing to offer a check guarantee program without limitations on check type, check size, or ID type.
Chexar is the only solution with 10 years of proven performance handling ALL CHECKS, ALL SIZES using ALL ID’s.
All solutions in the market today utilize external and internal databases and technology to automatically approve the run of the mill payroll & government checks. But at Chexar, a very sophisticated technology platform interfaces with hundreds of risk professionals in real time to enable us to approve those checks that automation can not approve. Furthermore, once these exception items become part of our database, Chexar can automate future checks where NO is still the answer in other systems.
