Business Banking Fraud Protection with First Financial Bank
Positive Pay | Protect Your Business Against Check Fraud
Positive Pay protects against check fraud by preventing criminals from cashing fraudulent checks, using stolen account numbers or altering check amounts. When an exception occurs, you receive an email advising you to log in to Positive Pay for review. An image of the check will be available to help you decide whether to pay or return.
With Positive Pay, you have the peace of mind knowing only your official checks will be paid. Here’s how it works:
- First Financial receives a list of issued checks
- Check information is stored on the bank’s system
- When presented for payment, a check is matched against the official list of issued checks
- Exceptions, sometimes referred to as mismatches, are presented to designated staff for approval or return
The Positive Pay system is easy to use and always available. You can send your issued item information in a Microsoft Excel file, delimited file, or fixed-width file. For manual checks, simply enter individual checks into the system.
Positive Pay offers a variety of reports businesses can view or download, such as:
- Paid items
- Outstanding items
- Stop payment history
- Voids
- Account reconciliation
Positive Pay is best for your business if you:
- Want the added assurance of knowing only approved checks will post to their account
- Issue checks to the general public that are easily subject to fraud
Features and Benefits
- Significantly decreases opportunity of fraudulent checks posting to your account
- Protect your business against altered and unauthorized check and ACH transactions
- Secure, accessible access from any internet connected device
- Enhanced reporting for exceptions and mismatches
- Direct communication via email alerts on unauthorized transactions
ACH Filter | Protect Your Business From Electronic Payment Fraud
Protect your account from electronic fraud by utilizing ACH Blocks or Filters. This service provides an essential added layer of security towards safeguarding your assets by automatically blocking or filtering out unauthorized ACH transactions.
You can either block all incoming debits with ACH blocks, or designate a list of authorized debits/credits with filters. If the ACH Originator is not on the authorized list you provide, we will return unwarranted transactions.
ACH Filter gives you the ability to:
- Block specific companies at an account level
- Allow only pre-authorized companies, creating exceptions for all other transactions
- Filter transactions based on designated amount