Take control of your business checks
As technology advances so does the risk of fraud and threats to your business. Check fraud is no exception. Protect your business by using technology to your advantage. Implement security measures that put you in control of the checks written by using Positive Pay.
What is it?
Positive Pay is a fraud prevention tool to protect your business.
Positive Pay works by cross-referencing each check’s information with specific details that you provide about your checks. This verifies each check before they are deposited. If any checks don’t match, they are automatically marked as exceptions.
Positive Pay is used to mitigate fraud, detect suspicious transactions and safeguard your business accounts.
Fraud Prevention
Fraud is evolving at a rapid pace. Seemingly every day something new is in the news about fraudsters, hackers and scammers compromising businesses. It is important that your business takes security measures to protect your accounts and puts you in charge of your checks.
With advancing technologies, creating counterfeit checks is becoming easier and easier. Before, checks were the most reliable and common form of payment, but now checks are one of the most vulnerable payment methods for fraud.
We know checks are still an essential part of doing business. KodaBank is here to help. Positive Pay is one tool designed for your business needs. Learn more about the additional tools available with Cash Management.
KodaBank is a full-service financial institution with branches catering to customers in Northeast North Dakota and Northwest Minnesota. You can find those branches in Drayton, Grand Forks, Fargo, Neche, Walhalla, Minto, Hamilton, Cavalier, and Pembina, ND, and Bemidji, Kennedy, and Stephen, MN.
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