Chex Systems Inc., a part of Deluxe Payment Protection Systems, said more than 75,000 branches use its ChexSystems network to verify the identity of applicants for credit cards and other loans.

Fraud and account abuse cost the retail and financial services industries an estimated $15 billion a year.

"As fraud perpetrators have become more creative, our products and services have become more comprehensive and sophisticated," said Phil Meyer, president of ChexSystems.

Deluxe Payment Protection systems is a unit of Deluxe Corp., the leading check printer.

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