Texas Banks Use Early-Warning System For Identity Theft
Texas is the first state to offer a system to catch identity thieves early on. Closed Account Notification System alerts merchants when a check is written from an account that was closed due to identity theft. The clerk will instantly know that the store patron is a thief and not to accept the check.
With the old system, it took weeks to notify stores of the fraudulent activity. “Thieves are stopped in their tracks,” State Democratic Rep. Helen Giddings said. “No longer will identity thieves be able to profit from their crimes by passing bad checks for weeks.”
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