Fraud Prevention & Risk Management
Payment fraud continues to be a major challenge for businesses regardless of size or industry. It’s one the reasons we’ve developed a robust suite of services to 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. Provide us with check issue information as checks are issued, and we will verify the information as checks clear our system to ensure authenticity.
Max Pay - Designed for accounts that do not generally issue checks for large dollar amounts, this service protects accounts against large dollar check fraud losses at minimal cost. Designate the maximum amount under which a check will be processed automatically, and if a check is presented for payment above the maximum dollar amount it will be considered an exception item and will not be processed automatically.