Fraud Prevention and Risk Management
Payment fraud is a growing concern for all corporations. Our robust suite of fraud prevention and risk management services can help you prevent unauthorized Automated Clearing House (ACH) debits, streamline the account reconcilement process, and enhance account security with internal controls to detect and deter fraud.
We value the overall well-being of your business and are committed to offering a variety of tools that prioritize optimal security. Whether you are looking to enhance the safeguards that are in place for everyday transactions or strengthen international trade procedures, we are prepared to help you integrate new or improved safety measures. Together we can implement innovative fraud prevention and risk management practices that will benefit both your business and its customers.
A suite of sophisticated tools to help prevent fraud
ACH Debit Fraud Protection Service
Full ACH Debit Block- Designed for accounts that should not receive unauthorized ACH debits for any reason.
Filtered ACH Debit Block - Designed for accounts that receive certain authorized ACH debits (for example, the Internal Revenue Service or an external payroll processor). Provide us with a list of authorized ACH debit originators and their Company Identification Numbers (CIN), and ACH debits originated under any other CIN will be returned to the originating bank and will not post to your account
ACH Debit Block Reporting - Receive a report showing any "attempted and failed" ACH debits.
Account Reconcilement Services
Partial Reconcilement - Receive electronic and paper listings of paid checks for the prior statement cycle.
Full Reconcilement - Receive electronic and paper listings of both paid and unpaid checks by electronically transmitting your check issue information to us on a monthly basis. A variety of additional reports and services are available to summarize other account activity.
Deposit Reconcilement Services - If your organization makes deposits from multiple locations, this service provides you with a statement of deposits by location to aid in your reconcilement process.
Implementation Expertise - Our experienced account reconcilement staff will work with you to provide a smooth transition.
Check Imaging - Check imaging options allow you to easily reference, sort, print, and store check images.
Check Fraud Protection
Positive Pay- Identify and prevent fraudulent check payments. We will verify information as checks clear our system to ensure authenticity and provide you with the option to make a pay/no pay decision.
Max Pay- Protect your accounts against large dollar check fraud losses at minimal cost. You can designate the maximum amount under which a check will be processed automatically.
Implementation Expertise- We will consult with you to provide a smooth transition as new fraud prevention techniques are integrated.