Reverse Positive Pay
The battle against check fraud is far from over. It requires constant attention and stringent security and control measures. Reverse Positive Pay service empowers you by providing you with information to reduce your exposure to check fraud losses.
You control which checks are paid against your account. You can guard your account against losses due to altered amounts, unauthorized drafts and most counterfeit items. You take an active role in closing the "window of opportunity" for criminals to embezzle your company's funds.
By significantly reducing the potential for check fraud, Reverse Positive Pay can save you:
You perform a daily audit on your account that alerts you to any fraudulent activity, enabling you to take immediate action to protect your company's assets. The process also simplifies account reconciliation since you examine paid items daily instead of waiting until month-end.