Safeguard your finances.
Cyber attacks and fraudulent crimes are on the forefront of every business-owner’s mind. Day-to-day transactions are what make businesses run, but there are also risks. Is your business protected from fraud? We have your back with various options available to ensure your business has proper safeguards in place.
Check Fraud Detection – Positive Pay
Our Positive Pay service helps ensure that the checks you issued are the checks that clear your account, not fraudulent ones. Each time you issue checks you will submit an issue file to the bank. We compare your issue file to all in-clearing items presented against your account each day. If an unmatched item is presented, you will be notified to make a decision whether or not to pay. This service will also give our tellers an alert that the check they are about to cash may be fraudulent so it receives further review.
Check Fraud Detection – Reverse Positive Pay
As an alternative to entering check data into your online banking account, you can monitor your payment activity through a daily report of checks presented for payment. By reviewing the list, you can determine which checks should be paid and/or returned.
ACH Fraud Detection – ACH Positive Pay
Our ACH Positive Pay can protect businesses from unauthorized electronic charges to your corporate accounts. Electronic Payment Authorizations (EPAs) can be set up to pay or return based upon a customer’s pre-defined rules. By using a combination of a Company ID, SEC code or dollar threshold, items that do not fit the rules will be identified as exceptions which will require a decision to pay or to return the item.
For more information, call 800.361.6903 or contact one of our Commercial Bankers directly.