Fraud is an unfortunate possibility in business today. With the incidence and severity of fraudulent occurrences on the rise and check fraud running rampant, no organization is immune from fraud.
Positive Pay is a module of our online banking service, DirectBanker®, that can help keep your company safe. Together, we work to detect check fraud by identifying items presented for payment that your company did not issue. Once a check is reported as an exception item, your company instructs the bank to either pay or return the check in question, minimizing the potential for a loss due to check fraud.
Talk with a Bank SNB treasury management representative in your area to find out how Positive Pay can protect you, or contact commercial client services at 888.762.4762 for more information.