Protection From Check Fraud content
Check Fraud Protection
Protect your business with Positive Pay and reconciliation.
We know fraud is a leading concern for your business. Wire, ACH and check fraud are just a few of the threats you’re working every day to combat. Check fraud, in particular, has become a very real threat to organizations both large and small.
With today's sophisticated computer systems, scanning and printing equipment, it's easier than ever for scammers to create counterfeit checks. It’s also easier than ever for you to have a check fraud prevention plan in place. You can reduce the risk of loss from check fraud with Positive Pay, available through Associated Connect®.
Positive Pay is an automated fraud detection tool that matches the account number, check number and dollar amount of each check presented for payment against a check file previously authorized and issued by your company.
|Detect check fraud and monitor internal controls|
|Reduce disbursement risk with timely returns|
|Cut administration time and processing costs|
|Control whether exception checks should be paid or returned|
Payee Positive Pay is an additional Positive Pay service offered by Associated Bank. Payee Positive Pay takes the extra step in matching the clearing payee name to the payee name on your check issue file. A “payee mismatch” exception will be reported if the name on the check does not match the name received in the check issue file. Payee Positive Pay provides you with an additional layer of verification, allowing you to manage the risk of loss due to presentment of fraudulent checks, or the alteration and/or payment of such items.
Prevent fraudulent checks from posting to specific accounts by placing a check block on selected accounts where checks are not written out of or deposited to, including deposit accounts and money markets.