Fraud Prevention
Check Positive Pay
Check Positive Pay is an excellent tool to reduce check fraud, improve audit controls, quickly catch alterations or duplicate statements, eliminate costly stop payment fees and control the amount of time a check can remain outstanding. You provide a check issued file and Bank of Labor compares your file to only pay items you authorize.
ACH Positive Pay
ACH Positive Pay helps protect your accounts from unauthorized ACH debit transactions. You provide a list of approved vendors and Bank of Labor will compare all incoming debits to your list. If any unidentified transactions are presented, you have the ability to decide whether the item is paid or returned.