Positive Pay - Protect Your Business from Fraud
We understand the importance of securing your business accounts against fraudulent transactions. That's why we offer Positive Pay, an advanced fraud prevention solution designed to protect your business from unauthorized or altered payments. With both Check Positive Pay and ACH Positive Pay, you gain great control, enhanced security, and peace of mind.
Details
Check Positive Pay - Secure your check payments
Check fraud remains a major risk for businesses, but our Check Positive Pay solution helps mitigate that risk by allowing you to monitor and verify every check transaction.
How It Works:
- Upload a list of issued checks, including check numbers and amounts.
- When a check is presented for payment, we compare it against your issued list.
- If a discrepancy is detected, you receive an alert to approve or reject the transaction.
- Checks that match your issued list are processed as usual, ensuring only authorized payments clear your account.
Benefits:
- Prevents check fraud by catching altered or unauthorized checks.
- Saves time by automating check verification.
- Provides greater control over outgoing payments.
- Enhances business security and reduces financial risk.
- Seamlessly integrates with your business banking platform.
ACH Positive Pay - Control Your Electronic Transactions
With rise of ACH fraud, our ACH Positive Pay service gives your business control over electronic debits and credits, ensuring only approved transactions are processed.
How It Works:
- Set up an approved list of vendors and companies authorized to debit or credit your account.
- Any transaction outside your approved list triggers an alert for review.
- You can approve or reject unauthorized ACH transactions before they impact your account.
Benefits:
- Prevents unauthorized ACH debits and credits from posting to your account.
- Provides real-time alerts for suspicious transactions.
- Reduces the risk of fraud and unauthorized withdrawals.
- Empowers businesses to manage their own ACH authorization settings.
Why Choose Positive Pay?
- Advanced Fraud Protection - Proactive monitoring and alerts help keep your finances secure.
- Customizable Security Features - Tailor your Positive Pay settings to match your business needs.
- Seamless Integration - Works directly with your business banking account for easy management.
- Dedicated Support - Our banking experts are here to assist you every step of the way.