Fraud is on the rise and today’s advanced technology makes it even easier for criminals to replicate checks and make fraudulent transactions. Fortunately, Itasca Bank & Trust Co. can help your business be proactive and stop fraud in its tracks.
Powerful Fraud Protection for Your Business
Positive Pay helps automatically detect fraud by matching payee, account number, check number and dollar amount of each check presented for payment against a list of checks authorized and issued by your business. All of these components must match exactly or it will be detected as possible fraud.
- Account Reconciliation Summary can assist in balancing your account to recent daily or weekly activity or your monthly statement. The report provided includes a total of outstanding checks and a check register balance as of the reconciliation date.
- Positive Pay reduces fraud and saves you time with faster account reconciliation.
Why Positive Pay?
- Incidents of fraud are dramatically reduced, saving time and stress for you and your employees.
- Makes check reconciliation more efficient, freeing up valuable staff time.