The impact of check fraud can be hard on any business. With millions of checks clearing through payment systems each day, businesses don’t have the time or resources to inspect each one – and yet, it’s a threat that cannot be ignored.
CNB has the answer. Introducing Positive Pay Plus – the powerful, proven solution to combating check fraud. As an early warning fraud detection system, Positive Pay Plus arms your business with the information needed to stop check and ACH fraud before it becomes a loss. Positive Pay Plus allows you to electronically share your check register for all written checks with CNB. We will only pay the checks listed on the register – with the precise specifications that you indicate – such as amount, serial number, etc.
Benefits to your business:
Reduces fraud – We only process what you tell us to, so fraudulent checks can be reviewed and rejected
Saves time and money – Reduces labor associated with manual check prevention measures
Convenient reminders – Get notices via email and/or texts when an item needs to be reviewed prior to being paid
Puts YOU in control – Provides more accuracy and greater control over your cash flow
Offers quick and easy access – Issue checks and ACH transaction and approve Positive Pay Plus exception items from virtually anywhere through Internet access
Want to learn more? For more information about Positive Pay, contact your business banking specialist at CNB, Katie Penoyer, at 814-290-5770.