Safeguard your business from fraud
Businesses continue to be targets of fraud schemes. According to Point Predictive, the amount of check fraud this year is estimated to total more than $24 billion, and the Financial Crimes Enforcement Network sees no indication check fraud is going to subside anytime soon. We encourage you to be aware of the dangers and take advantage of services that can help protect your business.
Positive pay is a fraud-mitigation service that gives you the power to easily monitor your accounts for unauthorized checks or ACH debits and streamline your reconciliation process. It helps detect and prevent unauthorized debits from a business account by comparing items being debited from the business account to a list of issued checks or established Automated Clearing House (ACH) rules.
Two Types of Positive Pay