to Reduce Risk
Positive Pay offers Fraud Protections
Bank of Labor offers two Positive Pay options that can help your organization shield itself from fraud risks:
Check Positive Pay
Does your organization need to write checks but there are concerns about potential check fraud?
Check Positive Pay offers check fraud controls, that quickly catch alterations or duplicate statements, eliminate costly stop payment fees and pre-set the amount of time a check can remain outstanding.
Plus, Check Positive Pay also allows you to provide a file of issued checks that Bank of Labor uses to help ensure only pay items you authorize.
ACH Positive Pay
Bank of Labor’s ACH Positive Pay offers protection against unauthorized ACH electronic debit transactions.
Our Treasury Professionals will compare all incoming debits to your approved electronic payment vendors list. If any unidentified transactions are presented, you can decide whether the item is paid or returned.
Lock down protections against payment fraud. Call 855.24.LABOR to talk with us about Positive Pay solutions for your organization.