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ACH Positive Pay and Check Positive PayProtect your business against unauthorized or fraudulent transactions with ACH Positive Pay and/or Check Positive Pay. These services allow you to filter or pay ACH and check transactions so only authorized payments will be paid from your accounts. ACH Positive Pay helps combat fraud associated with your payments. Your business sets up a list of approved vendors that are paid automatically, along with the flexibility of adding expiration dates and filters that cap the amount of money that can be paid to any one vendor. You can also add vendors to the approved list when the first transaction occurs for ease of use. Any transaction that occurs outside of your approved vendors generates an alert so you can decide whether to approve or deny the transaction. Check Positive Pay helps prevent check fraud and strengthens internal controls by comparing checks presented on your account against the checks you issued. It works by verifying check numbers, dollar amounts and payee then reporting discrepancies back to you. If you identify a fraudulent check in the provided list, simply notify us in your Business Online account by the cutoff time to return the item. ACH Positive Pay and Check Positive Pay Benefits
Have a question for us?For more information on Positive Pay and other FNCB Bank Treasury Services solutions, call us at 1-877-879-3622 or contact us. |
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