Safeguard Your Organization with Fraud Protection
Mitigate sophisticated cybercrime with a good defense. Our fraud protection solutions provide the controls and monitoring to help secure what’s yours.
Stay ahead of evolving check fraud with Payee Positive Pay. We verify payee names in your check issue file to detect discrepancies, allowing you to approve or reject suspicious transactions via your Business Online Banking account.
Want extra protection? With Check Positive Pay, you can upload or enter check details, and we’ll match them against presented checks. You can also reject suspicious transactions through Business Online Banking before any losses occur.
Protect against electronic payment risks with ACH Positive Pay. Set criteria for ACH debits, then review and approve transactions before they post to your account.
Block and filter ACH transactions based on criteria that you permit for your business.
Track payments effectively with our account reconciliation services. For full reconciliation, compare paid transactions to your check issue file and receive a comprehensive report. Opt for partial reconciliation to get reports on cleared checks or deposits without providing a check issue file.
| Payee Positive Pay | Check Positive Pay | Reverse Positive Pay | |
|---|---|---|---|
| Description | Bank verifies checks against a list of approved payees and amounts | Bank verifies checks against a list of issued checks | Bank provides awareness of processed checks |
| Protection | Check fraud | Check fraud | Check fraud |
| Common Users | Large or medium volume of processed checks | Large or medium volume of processed checks | No or low volume of processed checks |
| Implementation | User uploads check file with payee names and amounts | User uploads check file with check numbers and amounts | No upload of check file required |
| Verification Method | Bank matches payee name, check number, and amount | Bank matches check number and amount | None – all processed checks are presented to user |
| User Action | Approve or reject suspicious checks via Business Online Banking | Approve or reject suspicious checks via Business Online Banking | Approve or reject checks via Business Online Banking |
Payee Positive Pay
| Description | Bank verifies checks against a list of approved payees and amounts |
|---|---|
| Protection | Check Fraud |
| Common Users | Large or medium volume of processed checks |
| Implementation | User uploads check file with payee names and amounts |
| Verification Method | Bank matches payee name, check number, and amount |
| User Action | Approve or reject suspicious checks via Business Online Banking |
| Description | Bank verifies checks against a list of issued checks |
|---|---|
| Protection | Check Fraud |
| Common Users | Large or medium volume of processed checks |
| Implementation | User uploads check file with check numbers and amounts |
| Verification Method | Bank matches check number and amount |
| User Action | Approve or reject suspicious checks via Business Online Banking |
| Description | Bank provides awareness of processed checks |
|---|---|
| Protection | Check Fraud |
| Common Users | No or low volume of processed checks |
| Implementation | No upload of check file required |
| Verification Method | None – all processed checks are presented to user |
| User Action | Approve or reject checks via Business Online Banking |
| ACH Positive Pay | Block & Filter | |
|---|---|---|
| Description | Bank monitors ACH transactions against a list of approved transactions | Bank monitors account for specific blocks or allowed ACH transactions |
| Protection | ACH fraud | ACH fraud |
| Common Users | Frequent ACH transactions | Designed for specific use case to block or allow an ACH item |
| Implementation | User uploads ACH file of authorized ACH transactions | One-time Setup |
| Verification Method | Bank verifies ACH transaction details | Bank verifies ACH transaction details |
| User Action | Approve or reject flagged ACH transactions via Business Online Banking | One-time setup |
| Description | Bank monitors ACH transactions against a list of approved transactions |
|---|---|
| Protection | ACH fraud |
| Common Users | Frequent ACH transactions |
| Implementation | User uploads ACH file of authorized ACH transactions |
| Verification Method | Bank verifies ACH transaction details |
| User Action | Approve or reject flagged ACH transactions via Business Online Banking |
| Description | Bank monitors account for specific blocks or allowed ACH transactions |
|---|---|
| Protection | ACH fraud |
| Common Users | Designed for specific use case to block or allow an ACH item |
| Implementation | One-time Setup |
| Verification Method | Bank verifies ACH transaction details |
| User Action | One-time setup |
1. Fight against costly losses from payment fraud with personalized fraud protection services.
Our team of dedicated professionals are here to support you.
