Positive Pay is the most effective method available to protect against business loss due to check and ACH fraud. As the fraudulent production of checks and fraudulent creation of ACH transactions becomes increasingly easy, positive pay and automated account reconciliation services are critical to protect against fraud.
CHECKS:
- Increases both the effectiveness and timeliness of fraudulent Check detection through our Business Online/Positive Pay.
- You send a file of issued Checks each day and in turn, you receive a daily notification of Exception Items through our commercial online banking program. This enables you, the business account holder, to send handling instructions and notify the bank of possible fraud.
ACHs:
- Increases both the effectiveness and timeliness of fraudulent ACH detection through our Business Online/Positive Pay.
- The business account holder looks at and can return fraudulent ACH payments or credits that do not belong to you.
FEATURES:
- Reduce fraud: Timely notification of suspect items reduces the chance of fraud.
- Streamline: Online Positing and the Internet enable a more efficient process for handling fraudulent checks and ACHs.
- Give Account Holders Control: Account Holders gain increased control over the payment of checks or ACHs
Positive Pay Resource Documents
For more information on Positive Pay, contact your local banking center or website at www.citizensbanktx.com/services/online-education.