As technology becomes more advanced, businesses need more advanced protection from fraud. Forte Bank offers Positive Pay, a powerful fraud detection tool and transaction management solution that helps businesses validate payment-related information and manage exceptions, all while saving you time and money.
Positive Pay provides early detection of unauthorized ACH disbursements and fraudulent, altered, or counterfeit checks through a daily verification process. If the transaction information doesn’t match the information you submitted, we notify you and withhold payment until you can advise us whether to accept or reject the transaction.
Check Positive Pay
Check Positive Pay helps prevent fraud by validating check payments. The program systematically compares checks presented on your account against the checks you issue. It verifies check numbers, dollar amounts, and payees. Any deviation is reported to you as an exception. You will review your exceptions using the check information and a digital image of the check.
If you identify a fraudulent check in the exception report, simply instruct us online to return the check.
All exception items without a decision will be returned once the decision period ends to ensure you are protected from fraudulent items posting.
ACH Positive Pay
By default, your business account will block all ACH debits from posting to your account. You will define the specific rules to preapprove ACH activity so it processes without interruption. This can include the originating company, standard entry class, transaction type (debit/credit) and maximum dollar amount. ACH credits also can be blocked.
Customers who enroll in Positive Pay will access the platform in their Business Online Banking account. For more information, or to enroll, please email Lisa Becker or call her direct line at 262-670-3887.