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Fraud Protection

Fraud Prevention Tools

MANAGING FUNDS & FRAUD PROTECTION SOLUTIONS

  • ACH Block & Filter - help protect your account from unauthorized electronic debits.  With this service, you can set your account to block all debits or set your account to filter a designated list of approved debits. 
  • Positive Pay - Our Positive Pay system for checks is available through our Business Online Banking system and helps detect check fraud.

Why Business Fraud Protection?

More thank ever, it is critical to protect your company funds from financial fraud.  Check fraud along with ACH fraud are major financial crimes costing billions each year.  With advancements in in expensive PC and desktop publishing software, the problem is increasing.  Positive Pay helps prevent check fraud by means of a digital confirmation of checks presented for payment.  When used together with a highly secure check, Positive Pay can dramatically cut fraud losses.

What Fraud Protection Tools are available?

Positive Pay (Checks)

Positive Pay is an automated fraud detection tool that matches the account number, check number and dollar amount of each check presented for payment against a list of checks authorized and issued by your company. Items not matching your list will be flagged as an exception item. When used together with a highly secure check, Positive Pay can dramatically cut fraud losses. Our Positive Pay system is available through our Business online banking system. 

 

ACH Block or ACH Fraud Filter (electronic debits)

ACH Block or ACH Fraud Filter Service is an automated way to help to protect your account from unauthorized ACH electronic debit transactions. This is a very critical service because under the National Automated Clearing House Association (NACHA) rules, your business has only 24 hours “one business day” to return a fraudulent ACH transaction.
 
ACH Block – provides you with the option to place an all-debit block on accounts that should have no ACH activity.
 
ACH Fraud Filter- offers you the option to provide a list of pre-approved ACH electronic debit transactions that are authorized to post to your account. Transactions not meeting your pre-established criteria a will be flagged as an exception item.
 

Get Started Today!

Contact our team to learn more about our Fraud Prevention Tools today!