Preventing Fraud

October 2004
Convenience Store News;10/16/2004, Vol. 40 Issue 13, p248
Trade Publication
This article highlights the business strategy of convenience stores to avoid commercial fraud. Retailers often turn to a check guarantee or verification program offered through a third party, but there are distinct differences between the two to be considered. With check guarantee, a third party is responsible for any bounced or bad checks. However, with verification, that loss falls to the retailer. The third party responsible with the guarantee program may be less likely to accept a check because it will be their loss, explained Evans. This could result in lost business for the c-store owner.


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