According to the 2011 Association for Financial Professionals Fraud & Control Survey, 71% of organizations experienced attempted or actual payments fraud in 2010 - and businesses should expect similar levels in 2012.
Fraud is a growing concern for all small businesses. Bridgeview Bank's Fraud Protection Services can help prevent check and ACH fraud before a loss is incurred.
ACH Debit Blocks / Filters
Protect against fraud by preventing unauthorized ACH withdrawals from your business accounts by using ACH Debit Blocks or Filters.
Smart and secure, Debit Blocks are designed for accounts that do not receive ACH debits for any reason. A full debit block prevents all ACH debits from posting to a commercial account.
Debit Filters are conveniently designed for accounts that receive some authorized ACH debit transactions, such as IRS payments or withdrawals made by external payroll services. Debit Filters allow your company to specify what companies are permitted to automatically withdraw money from your accounts, and in what amounts.
•••B Positive - Positive Pay Services
To help you minimize exposure to check fraud, we can compare your check issue information to your paid check information, and alert you via e-mail when the information does not match. Payee name verification can also be a part of this service. If there is a mismatch or exception item, you can review an image of the back and front of the check online (through Business eBanking) and make the decision to pay or return the item. You maintain complete control over each exception and can view exception images to verify data.
For more information, please contact our Cash Management team at firstname.lastname@example.org or call 708-728-7684.
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