Positive Pay helps your business identify potentially fraudulent and other exception items, and allows you to promptly instruct Bell State Bank & Trust to return any such item(s).
According to the Federal Bureau of Investigation, check fraud is a growing issue. Not just a problem for large corporations, big businesses, or large financial institutions, this white-collar fraud affects businesses and banks of all sizes. Using Positive Pay, businesses can now process checks with less fear of undetected forgeries and alteration.
Features and Benefits
- Reduces exposure to check fraud by identifying potentially fraudulent checks
- Identifies unauthorized transactions, including counterfeit or altered checks, before final payment
- Increases your overall operational efficiency by automating this aspect of your accounting process
- Eliminates the need for daily monitoring of exception items with email alert notifications
- Customizes training to fit your needs
ACH Fraud Prevention Service
As fraud becomes a growing issue, companies must be vigilant. Failure to monitor bank accounts daily for fraudulent transactions increases your company’s risk significantly. A business can implement electronic payment solutions with confidence by using our ACH Fraud Prevention Service to prevent unauthorized or fraudulent transactions.
Features and Benefits
Identifies unauthorized electronic ACH transactions before final payment
Reduces exposure to ACH fraud risk by blocking debit transactions from being charged to your designated bank account
Uses ACH Debit Filter to pre-authorize ACH transactions and post them to your account while “filtering” and returning unauthorized ACH transactions
Increases your overall operational efficiency by automating this aspect of your accounting process
ACH Debit Block
ImageDebit block is designed for accounts that should not receive ACH debits for any reason. All attempted ACH debits will be automatically returned to the originating company. After an easy one-time setup, the service is automatic and hassle-free, saving you valuable time and giving you peace of mind.
ACH Debit Filter
This service allows your company to control the ACH entries that post to your account and prevents erroneous and fraudulent entries. The service will automatically return all transactions except those that are pre-authorized. In addition, a maximum dollar amount can be set for each pre-authorized transaction allowing your company further financial control.
Trusteer Rapport is a free online fraud protection software for your business. Learn how Trusteer Report works.
Increase your knowledge by taking the Business Online Banking Security Awareness course.