Any time there’s a crisis, fraud increases. Here are two solutions to help you stay one step ahead of the fraudsters. (We have more.)
- Positive Pay – Check Positive Pay allows you to review transactions and decide whether to accept or return the items – before they affect your accounts.
- Daily reports show you the items that did not match.
- Determine whether to pay or return the checks each day. (You can submit your decisions through the convenience of the Business Mobile Banking app.)
- Payee matching can be added to this service; other options are also available.
- ACH Positive Pay – ACH Positive Pay allows you to review ACH debit transactions and decide whether to accept or return the items.
- Determine whether to pay or return the ACH debit items daily.
- Create rules to automatically pay ACH debits from approved vendors.