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Article: N.Y. Clearing House joins fraud data base.(anti-check fraud data base)
- Article from:
- American Banker
- Article date:
- May 22, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The New York Clearing House Association has joined an effort to create a national data base that would help banks and merchants fight check fraud.
The clearing house group plans to link its checking account data base with that of Primary Payments Inc., San Diego.
Primary Payments is a bank-run company formed specifically to help banks reduce check fraud losses.
The company, formed by Star System Inc., a San Diego-based electronic banking network, has 26 participating banks that furnish it with information on millions of checking accounts.
The data base from the New York group would add significantly to that data base by bringing in more account ...