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Business Fraud Prevention

Safeguard your business.

Safeguarding your business from fraud starts with proactive protection. We offer business fraud prevention solutions that monitor transactions, identify threats, and help you act quickly to minimize risk.

At Bank Midwest, we believe business fraud prevention is critical to protecting your accounts and data. Our fraud prevention solutions review and report transaction activity so potential issues can be quickly identified and resolved.

Our Treasury Management Fraud solutions

Positive Pay, Reverse Positive Pay, ACH Positive Pay, and Account Reconciliation—are designed to strengthen business account security and protect against payment fraud.

A cost effective way to manage your payables and provide check fraud detection. Spend less time and money on reconciling accounts, and gain a streamlined approach to check storage and retrieval.

Reverse Positive Pay provides early detection of fraudulent, altered or counterfeit checks by creating and posting a daily report of presented items for you to confirm.

 

Treasury management

ACH Positive
Pay

Safeguard against fraudulent activity by filtering or blocking unauthorized electronic transactions. Any item that meets the criteria you establish will automatically post or be rejected based on the filters or blocks that you set up. We help your business identify and report fraudulent and unauthorized payments.

Fraud-Prevention

Account
Reconciliation

Reconcile your accounts daily with our account reconciliation tool to detect and resolve any discrepancies or errors. Full reconciliation provides you with a comprehensive listing of all outstanding and paid debits during a statement cycle, saving you time and money and providing greater audit controls.

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POSITIVE PAY

How It Works

  1. You issue checks and provide the bank with a list of authorized checks, including details such as check number, amount, date, and payee name.
  2. When a check is presented for payment, the bank compares it against the list of authorized checks.
  3. If any discrepancies are found, such as a mismatched amount or payee, the bank alerts you to investigate before processing the check.

REVERSE POSITIVE PAY

How It Works

  1. Each business day, we will send you a list of checks presented for payment against your account.
  2. You review the list to look for any discrepancies, such as altered payee names or amounts.
  3. You approve or deny each check presented, based on your review.

WE’RE HERE TO HELP

Tell us about your business and one of our Treasury Management Specialists will reach out to you.

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Fraud Prevention Frequently Asked Questions

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