The introduction of Positive Pay brings another level of fraud protection for our business customers. With Positive Pay, the customer uploads a list of checks they have issued. The Internet Banking system is then used by the customer to verify the paid items and the items posting to their account are in fact a match.
Using Positive Pay provides an opportunity to better monitor and detect any unusual or unauthorized disbursement activity. Positive Pay provides the customer control over what actually gets posted to their account and what should be returned as fraud. This system guards against losses due to altered or counterfeit checks as well as unauthorized items.
Features Included:
- Reduce Fraud – Timely notification of suspect items reduces the chance of fraud
- Streamline the process – Online posting and the Internet enable a more efficient process for handling fraudulent checks
- Give customers control – Customers gain increased control over the payment of checks
- Provide reports – Customers have convenient and extensive reporting capabilities
Just another tool we provide to prevent fraud! Positive Pay for our business customers helps customers decide what will be posted to their account to stop fraud before it is too late!
