How Positive Pay Protects Your Business From Fraud

If you’re a business owner, it’s more likely than not that you have come face to face with a fraud attempt in the last year. A recent survey found 79 percent of organizations were victims of payment fraud attacks or attempts in 2024 (source: Association for Financial Professionals).

As part of our Fraud Prevention services at First International Bank & Trust, we offer Check Positive Pay and ACH Positive Pay. It’s a proactive approach to reduce potential fraud and financial loss due to fraud.

How It Works

Check Positive Pay compares checks presented for payment to your issued check files verifying check numbers, dollar amounts, payees, and issue dates. Positive Pay users are alerted of exception items and have the ability to decision the exceptions to either pay or return. This helps protect your account by making it easy to return any fraudulent checks that have posted to your account.

ACH Positive Pay allows you to create a list of authorized ACH Transactions or a list of unauthorized transactions. Exception notifications are presented for you to pay or return.

For business owners who utilize Check & ACH Positive Pay, the benefits are significant:

• Routine comparison between checks written and checks presented for payment
• Pay only authorized transactions
• Automated emails notifying you of exception items
• Online exception management enables you to decide if the item will be paid
• Account reconciliation assists with bank statement balancing

If you would like to discuss enrolling in Check & ACH Positive Pay at your business or organization, our Treasury Management team is ready to assist you and answer any questions you might have. Visit a branch near you or contact our FIBT Customer Care Center at (800) 359-8092 to get connected to our experts.