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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.