If your business is regularly issuing paper checks, you are at an increased risk for fraudulent transactions. Paper checks are an easy target for thieves and a fraudulently altered check could significantly impact your business finances. Northwest Bank offers a simple process to minimize the risk to your business.
Check Positive Pay is one of the most effective defenses against check fraud and gives you the ability to block fraudulent transactions. This tool provides early detection of fraudulent, altered, or counterfeit checks. It is designed to empower you to review exceptions and make a decision to pay or return in a timely manner.
Benefits of Check Positive Pay include:
- Protecting your business from check fraud.
- Blocking non-authorized transactions to your account.
- Saving time and money by avoiding or reducing associated financial losses, legal fees, and fraud investigations.
- Eliminating the need to close accounts in the event of unauthorized checks clearing.
Check Positive Pay stops fraud before funds are lost!
Northwest Bank customers using Check Positive Pay were able to identify these fraudulent check payments and prevent a significant financial loss for their businesses.Transportation Industry - $59,000Auto Dealership - $45,500Emergency Services - $120,000
Ready to learn more? Contact your Relationship Manager or Treasury Management Officer for a no-obligation demo of our Positive Pay system.