Fraud Prevention Tools

Positive Pay and ACH Debit Block are the best safeguards available today.

As a result of legislation enacted in the 1990s, if corporate controls are deemed inadequate, the company will share in, and in some cases assume sole responsibility for any losses as a result of check-related fraud. While there is no single solution to this type of fraud, Positive Pay and ACH Debit Block are the best safeguards available today.

With Positive Pay you supply the bank with issued check information as often as checks are issued. We then perform a daily reconcilement of checks presented for payment against your account with those issued. When checks are presented for payment in which pertinent information (i.e., check number and dollar amount) does not match that of the checks you have issued, you have the option to determine whether the checks are legitimate and should be paid or forged and should be returned to the bank of first deposit. Decisions to pay or return checks are made via the Internet.

Placing an ACH Debit Block on your account(s) prevents unauthorized ACH debits from posting to your account. In addition, we have the capability to allow certain ACH debits (e.g., payroll, recurring payments) to post as long as they are identified ahead of time.

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Fraud Prevention Tools

Positive Pay and ACH Debit Block are the best safeguards available today.