Fraud Mitigation Services
Safeguarding your business account(s) with the latest tools and the services provided by Check Positive Pay and ACH Positive Pay is an effective way to streamline your operations and reduce the risk of financial losses. Let’s protect your business revenue by proactively fighting fraud.
Fraud Mitigation Services Overview
Check Positive Pay is designed to help businesses detect and avoid check fraud. From fraud detection to control over payments and operational efficiency, Check Positive Pay offers peace of mind knowing every check is verified before payment.
Helping you detect and avoid fraud from unauthorized ACH (Automated Clearing House) Positive Pay brings you a new layer of vendor control and transaction monitoring to help protect you from potential losses.
| SERVICE | MAIN BENEFIT | HOW IT WORKS | ADDED VALUE |
|---|---|---|---|
| Check Positive Pay | Safeguards against check fraud | Matches issued check data with presented checks | Direct control, peace of mind |
| ACH Positive Pay | Safeguards against ACH fraud | Filters and monitors ACH transactions | Vendor controls, oversight |
Depending on your needs, you can set up one or both services. Here’s some more information Capital Credit Union’s Fraud Mitigation Services:
Check Positive Pay
Check positive pay is a vital tool for your business to safeguard against fraudulent activity and protect your financial assets. By implementing check positive pay, you add an extra layer of security to your payment processes, effectively reducing the risk of check fraud. This proactive approach ensures that only authorized checks are honored, detecting and preventing any unauthorized or altered checks from being cashed.
Ultimately, investing in check positive pay not only minimizes potential financial losses but also enhances trust and confidence in your business’ financial operations, fostering a secure and stable environment for your stakeholders.
Capital Credit Union offers both Positive Pay Protection and Reverse Positive Pay Protection. Want to see the workflow for each?
ACH Positive Pay
ACH positive pay is used to strengthen your business’ defenses against unauthorized electronic transactions and fraudulent activities. By leveraging ACH positive pay, you gain real-time monitoring and control over your Automated Clearing House (ACH) transactions, allowing you to review and make pay or not pay decisions before they are processed. This proactive approach enables you to detect and prevent any unauthorized or fraudulent ACH transactions, significantly reducing the risk of financial losses and reputational damage. Additionally, ACH positive pay enhances compliance with industry regulations and strengthens the overall security posture of your business, fostering trust and confidence among customers and partners.
Want to see an example of Capital Credit Union’s ACH Positive Pay and how you can take control of your transactions?
Trusted, Tailored Expertise
As you’re navigating the best fit and services for your business, knowing you can engage with local expertise makes all the difference. Let’s talk! Contact our Treasury Management experts today to learn more about our personalized service.