The company was established in 2001 to address the growing need for a solution to the problem of check verification and clearance for businesses in Israel, as well as to provide a better alternative to traditional check discounting services for businesses. ERN developed a financial risk management model that allows businesses to accept checks from their customers without fear that the checks will not be honored. The company's extensive knowledge and experience, coupled with its advanced databases and computing systems, enable it to check checks taking into account hundreds of parameters in a computerized manner within seconds, and in the vast majority of transactions, the system provides an automatic response immediately. Thus, a check payment given to a business that is approved based on the company's risk management model reduces the financial risk for the business just like a credit card payment.