Protect your Business Accounts from Suspicious Activity
Services like SecurLOCK, Positive Pay and Instant Text Alerts are here to reduce the chances of fraud and help you stay on top of your business account activity.
SecurLOCK
SecurLOCK gives you the ability to control how, when and where your payment cards are used. A simple and secure way to protect yourself and your loved ones from fraudulent transactions. SecurLOCK provides real-time transaction alerts for a whole new level of control.
Click here for Frequently Asked Questions about SecurLOCK
Positive Pay
Positive Pay is a widely-known cash management service used by most banks to detect fraud. The automated tool is monitored by the cash management department and acts as a form of insurance for a business against losses, fraud and similar liabilities.
Positive Pay works by matching the dollar amount of each check, the check number and the account number that is presented for payment against checks that have been previously authorized and issued by the business. If these three components do not match up, the checks is not paid. This is also used with ACH payments. ACH transactions are reviewed to determine if the payment should be allow to post to the account or to reject it and have it return to your business.
As a business owner, you want to eliminate the risk of losing money due to fraudulent activities on your accounts. Positive Pay can help you achieve this goal.
Instant Text Alerts
With real-time text alerts sent to your phone, you can quickly detect and stop fraudulent use of your debit card. Once enrolled, you will receive a text message anytime your MasterMoney™ Card is used. To sign up or if you have any questions, call your local branch.
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