ABA introduces Treasury check verification system

The American Bankers Association (ABA) rolled out a new, free online platform that allows member banks to easily verify government checks and payee information through the U.S. Treasury Department’s existing Treasury Check Verification System.

The new system enables member banks to verify the validity of all government-issued checks, including Social Security benefits, tax refunds, federal paychecks, and government stimulus payments.

ABA President and CEO Rob Nichols said, “We’re excited to offer this new tool in the banking industry’s ongoing fight against fraud, and we appreciate the Treasury Department’s support for this new platform. Banks accessing the TCVS through ABA will be able to spot potentially fraudulent government checks in real-time, which will help protect taxpayers, banks and the federal government from millions in fraud losses.”

Find more details about the ABA’s Treasury check verification system here.