Download - Preventing Check Fraud with Positive Pay
Positive PayIf you have experienced check fraud, you appreciate the value of
positive pay account reconcilement.
Preventing Check Fraudwith
Positive Pay
If you have experienced check fraud, you appreciate the value of
the positive pay account reconcilement.
Positive Pay
You don’t need be one of the victims of check fraud which impacts corporate America every year.
Criminals too often accomplish their mission is by counterfeiting or changing valid checks that were written on corporate accounts.
When checks are presented to the bank for payment, if the bank can’t visually see a problem with the check, they have no way of determining that it has been altered, or what the original information should have been.
Positive Pay
In response, most banks have implemented electronic reconcilement programs, allowing companies to provide their bank with a file containing a complete list of their valid check data.
If the check is not in the file, it doesn’t clear the bank! This virtually eliminates the problem of stolen or counterfeited checks.
INTERAC software includes positive pay capabilities in both Accounts Payable and Payroll, so users can take advantage of this powerful security feature.
Positive Pay
Positive pay doesn’t cost anything to implement, but it can save the money and time lost in dealing with check fraud.
If you have experienced it, you understand.
If you haven’t experienced it yet, it’s only a matter of time.
Take full advantage of this important security measure and protect your company.
Contact Intersoft Systems
to learn more about the
INTERAC Positive Pay option