Stop Check and ACH Fraud in it's Tracks!
Fraud continues to be one of the greatest risks facing businesses of all sizes. Farmers Bank's Positive Pay services provide an added layer of protection by helping your business identify unauthorized transactions before they clear your account.
With Check Positive Pay, issued checks are compared against a list of checks you've authorized, helping detect altered, counterfeit, or fraudulent checks.
With ACH Positive Pay, you can review and control electronic ACH transactions, helping prevent unauthorized withdrawals from your account.
Together, these services give your business greater control, reduce fraud risk, and provide peace of mind knowing suspicious activity can be identified and addressed before funds leave your account.
What is Positive Pay?
Positive Pay is a fraud prevention service that helps businesses monitor and verify transactions presented against their accounts before they are processed.
What is Check Positive Pay?
Check Positive Pay compares checks presented for payment against a list of checks your business has issued. If there is a mismatch, such as an incorrect check number, amount, or payee, the item is flagged for review
What is ACH Positive Pay?
ACH Positive Pay helps protect your account from unauthorized electronic withdrawals by allowing you to review, approve, or return ACH transactions that do not match your approved company list or established criteria.
Why should my business use Positive Pay?
Positive Pay helps reduce the risk of fraud, financial loss, and the time required to resolve unauthorized transactions. It provides greater visibility and control over account activity.
Can I use Check Positive Pay and ACH Positive Pay together?
Yes. Many businesses choose to use both services for comprehensive fraud protection against both paper and electronic payment fraud. Farmers Bank offers a bundled option for businesses wanting full coverage.
Is Positive Pay difficult to manage?
No. Positive Pay is designed to be a straightforward process. Farmers Bank provides training and support to help your business utilize the service effectively.
What type of fraud can Positive Pay help prevent?
Positive Pay can help detect and prevent:
- Altered checks
- Counterfeit checks
- Duplicate check presentments
- Unauthorized ACH debits
- Fraudulent electronic transactions
How do I enroll?
Contact your local branch or a Farmers Bank Treasury Management representative to discuss your business needs and determine the Positive Pay solution that's right for your organization.