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Giving you the tools to help protect yourself from fraud and theft is part of how we earn your trust every day.
What is it?
Designed to help businesses fight check fraud, Positive Pay is an automated check-matching service that compares checks presented for payment against a database of checks previously authorized by your business.
On the ACH side, we offer ACH Fraud Filter. Every ACH transaction that’s presented for payment is compared to pre-set rules to determine whether the transaction calls for further review. You’d receive an email alert when unauthorized or unusual ACH activity is present.
Some of the benefits are:
How does it work?
Positive Pay automatically matches presented checks (check number and amount) against your list of previously authorized checks. If the check does not match the information, it becomes an “exception item” and you’re notified so you can review the item and confirm or deny payment.
ACH Fraud Filter allows you to set up rules for your ACH transactions. Any time an ACH is presented that violates one or more of your rules, you’ll be notified so you can review the transaction and decide to accept or deny it.
To find out more about ACH Fraud Filter and Positive Pay, contact treasury management expert Kinsey Bodensteiner at 515-222-2340.