Fraud Prevention Services

 

SMBT offers both Check and ACH Positive Pay services to help prevent and detect fraudulent transactions and keep your business accounts protected. These web-based fraud mitigation tools assist in keeping business accounts protected from fraudulent or unauthorized items. 

 

Check Positive Pay

Check Positive Pay mitigates the risk of check fraud by verifying clearing items before posting and uses the issued items file to verify details of presented checks.  As items are presented, check number, amount, and payee name are systematically verified against the issued file.  Any items that can’t be verified will be flagged for review and verification through our online portal.


Benefits: 
  • Peace of mind knowing funds are protected
  • Opportunity to deny fraudulent, altered or fictitious checks before they clear.
 Verifies:
  • Check number
  • Payee name
  • Check amount

ACH Positive Pay

ACH Positive Pay helps reduce ACH fraud against your account and uses the list of authorized debit relationships to verify the details of incoming ACH items.  Any incoming debits that can’t be verified are flagged for review and reported to you through our online portal.

Benefits: 

  • Peace of mind knowing funds are protected.
  • Unauthorized ACH debits are automatically blocked.
Verifies: 
  • Company Name
  • Company ID

Both services offer the opportunity to review, verify and return incoming transactions to keep your account protected.  Make sure to review each exception item and determine whether it should be paid or returned prior to the decision deadline. To ensure your account remains protected, any items left unworked at cutoff will be returned. 

 
Enrollment criteria and restrictions may apply.