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SCAN
Quick Facts
SCAN was developed
in 1984 to help retailers combat the problem of bad check writers by
sharing information. Since then, it has become the largest check verification
network (by dollar volume and transaction volume) in the nation. Last
year, SCAN authorized 2.9 billion checks worth $161 billion. That's
more than twice as much as the nearest competitor.
More statistics
on SCAN (Shared Check Authorization Network)
- $161 billion
in checks are verified by SCAN each year.
- $444 million
in checks are verified by SCAN each day.
- 2.944 billion
POS check transactions access SCAN each year.
- 8 Million
POS check transactions access SCAN each day.
- 150,000+ updates
to SCAN are processed each day.
- 535+ national
retail store chains contribute check data to SCAN each day.
- 77,000+ retail
outlets access SCAN.
- 10 million+
unique records are in the SCAN checking account database.
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