Check Cashing Software

Advances in computer hardware and software have fueled innovation in the check cashing business. Finding the right check cashing software has become an essential component in running an efficient, competitive check cashing business. Customer information is no longer handwritten and stored away in a cabinet-- it is stored digitally by sliding an ID through a scanner. Over the past 18 years, Digital Currency Systems has developed the check cashing software, Sigcard, which seamlessly integrates with hardware such as scanners, cameras, and micr readers. It also integrates with online verification services so that customer and account validity can be confirmed before cashing the check. And through web-based storage and reporting systems, check images are automatically uploaded and can then be viewed from anywhere there is an internet enabled computer. By keeping data current and accurate, along with check images available at the click of a button, Sigcard helps cut down on fraudulent checks while speeding up check cashing transaction time.

"Since we began using the DCS system in our check cashing stores, our productivity level has increased substantially and our shortages have been nearly eliminated."

- Steve Schoenburg, R&L Management, Chicago IL

Data Sharing

For owners of multiple check cashing businesses, data is shared between locations. Once customer information has been entered at a store, it is available (along with check cashing history) at any of the other stores. Besides preventing dual entry, fraud is also prevented through a system of flags and memos. Urgent information for any customer or maker is automatically propagated to all your locations. This system is managed through the check cashing software and requires no extra effort on the part of the user. Click here for more information on the data sharing software, DDX.

Anyone who’s been audited knows it can be a challenging experience, especially when the reports you need are difficult to generate. DCS has developed an additional piece of software that integrates with the above mentioned DDX system. Named BSA after the Bank Secrecy Act, this add-on tracks each occurrence the $10,000 limit is breached across your chain. Then, the customer and transaction information is automatically used to populate the fields of the CTR. With applicable government forms stored in the BSA software, CTRs can then be printed directly on to blank paper. Similarly, SARs can also be viewed and printed at the main office after being filed electronically at the store. Click here for more information on BSA.

Central Management

Store owners know the headaches involved in maintaining the inventory, prices, and fees for the hundred or so different types of services they offer. For owners of multiple stores, simple changes (such as the price of a stamp or a new account number of a utility company) can be extremely difficult as these changes must be made at each and every location. Gathering balance sheets can also prove difficult as paperwork is faxed/mailed daily to a main office. What arises is the need for a solution to centrally manage your POS menus and daily sheets and organize them into a hierarchical structure. Enter the DCS Daily Sheet System. This main office application allows owners to make a single change in a menu which is then propagated out to all stores. Then, at the time of closeout, the stores automatically send their daily sheets to the main office. Click here for more information on the Daily Sheet System.

 
Other important Check Cashing components

Digital Currency Systems understands the importance of a reliable money order system. Money order printing system (MOPS) is used to print clean, legible, professional-looking money orders. The many form-types are supported so getting started is easy. Records of the day’s sales (as well as past dates) can easily be searched, viewed, and printed. Used together with MOCS (Money Order Clearing System), you can process your own clearings, calculate your float, and view abandoned property revenue. Click here for more information on the money order system, MOPS.

With a company list that can be customized for your location, Bill payment system (BPS) is used to process and record utility payments. You can then generate reports based on company, or view the transactions of a specific customer. The list of available companies and accepted account numbers stay current through automatic updates. Recently, BPS integrated with Coinstar Pre-paid products, as well as pre-paid Visa Gift Cards and the Green Dot Loading Network.

In addition to the modules mentioned above, DCS also offers a Payday Loan as well as a Foreign Currency Exchange product. All DCS modules integrate with the ATS point of sale system

The Point of Sale System

First-time DCS customers who are unfamiliar with our products often start with a single application, such as the check-cashing software, Sigcard. Once they realize the quality of this product and the service that we provide, typically BPS and MOPS are next-in-line and added to their suite of products. DCS applications can run simultaneously on a single workstation, all drawing from the same customer database. The next request in this general progression is for a complete point-of-sale solution.

This is where the Automated Teller System (ATS) comes into play. ATS provides the framework to process all transactions from a single window. It maintains inventory counts as it is moved into and out of the store, and daily sheets can be laid out to the accountant’s specification. Unlike other point-of-sale systems, ATS is modular. This simply means that owners can pick and choose whether they want Sigcard and BPS, or just BPS, or Payday Loan and MOPS, or any other combination. Along with ATS, they only need to purchase those components that are relevant to their business.   Click here for more information on the point of sale software, ATS.