Cdm Inc

Description

More than $700 billion worth of checks are written annually at the point of sale. This accounts for nearly half of all the non-cash purchases within the U.S. with the average check sale being 15-26% higher than the average purchase. Customers realize that checks afford them the same security as credit cards, without the additional interest rates.However, the number of bad checks written annually also increases at a rate of approximately 18%. The average fraudulent check is either much larger than the average check taken or the fraudulent bad check writer passes multiple checks for smaller amounts in a shorter period of time, ultimately stealing more overall.The ability to differentiate between your good and bad check writers has become not only a major problem but an additional cost.

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