Positive Pay & ACH Fraud Protection
Protect Your Business from Check and Electronic Payment Fraud
Fraud is constantly evolving, and businesses of every size are targets. Our Positive Pay and ACH Fraud Protection services help safeguard your accounts by giving you greater control over the payments that leave your business.Whether you issue checks, receive electronic payments, or both, these services help you:
- Protect your accounts from fraud
- Reduce financial risk
- Maintain control over outgoing payments
- Strengthen your overall treasury management strategy
Positive Pay for Checks
Prevent Check Fraud Before It Happens
Positive Pay is one of the most effective tools available to protect your business from counterfeit, altered, and unauthorized checks.
How It Works
After issuing checks, you will need to upload a file containing the following check information:
How It Works
After issuing checks, you will need to upload a file containing the following check information:
- Check Number
- Dollar Amount
- Issue Date
- Payee
- Status (Outstanding/Voided)
As checks are presented for payment, the information is automatically compared to your issued check file.
- Matching checks are processed normally.
- Checks with discrepancies are flagged as exceptions, allowing you to review the item and decide whether to pay or return it.
Benefits
- Reduce losses from check fraud
- Detect altered or counterfeit checks
- Maintain control over payment decisions
- Protect your business accounts
- Increase confidence in your payment process
ACH Fraud Protection
Control Electronic Payments to Your Account
Electronic payments are fast and convenient—but they can also be a target for fraud. ACH Fraud Protection helps you monitor and control ACH debits before they're processed.
Depending on your business needs, you can choose one or more of the following options:
ACH Positive Pay
Review ACH transactions presented against your account and approve or reject items that don't meet your established criteria before they are processed.
ACH Filter
Create a list of approved companies authorized to debit your account. Transactions from authorized originators are allowed, while unauthorized transactions are flagged or returned according to your preferences.
ACH Block
Block all ACH debit transactions from posting to a designated account. This option is ideal for accounts that should never receive ACH debits.
Benefits of ACH Fraud ProtectionElectronic payments are fast and convenient—but they can also be a target for fraud. ACH Fraud Protection helps you monitor and control ACH debits before they're processed.
Depending on your business needs, you can choose one or more of the following options:
ACH Positive Pay
Review ACH transactions presented against your account and approve or reject items that don't meet your established criteria before they are processed.
ACH Filter
Create a list of approved companies authorized to debit your account. Transactions from authorized originators are allowed, while unauthorized transactions are flagged or returned according to your preferences.
ACH Block
Block all ACH debit transactions from posting to a designated account. This option is ideal for accounts that should never receive ACH debits.
- Help prevent unauthorized electronic withdrawals
- Control who can debit your accounts
- Reduce exposure to ACH fraud
- Protect operating funds and cash flow
- Improve oversight of electronic payments