Prevent your business from falling victim to fraudulent activity with these tools and services. Call our Cash Management team at 1-888-999-2644 to find out how we can help you stay safe.
Automated Clearing House (ACH) Fraud Prevention
Protect your business from fraudulent activity that can occur through the Automated Clearing House (ACH) network. Our experts recommend the following best practices.
- Create a separate account for electronic debits initiated by third parties
- Utilize a separate computer for online banking with originating ACH transactions
- Safekeep user passwords, PINs and tokens
- Utilize dual control when originating online ACH transactions
- Reconcile accounts daily to identify unauthorized ACH debits through Cash Management Online Banking
Wire Fraud Prevention
Wire fraud has the potential to be devastating to your finances, but there are steps you can take to avoid falling victim.
- Utilize a separate computer for online banking
- Create a separate account for wire transfers and fund only when needed
- Utilize dual control when originating online wires
- Safekeep user passwords, PINs and tokens
Check Positive Pay
Check Positive Pay systematically compares checks being presented against the issued items on your account. Check Positive Pay reviews for:
- Payee name match
- Issued check not on file
- Voided checks
- Amount mismatch
- Duplicate checks
ACH Positive Pay
ACH Positive Pay systematically compares incoming ACH Transactions against Authorization Rules customized for your account. ACH Positive Pay reviews for:
- Unauthorized transactions
- Exceeds dollar limits
- Unknown originator
To learn more about Mid Penn Bank’s fraud protection programs, call our Cash Management Customer Care team at 1-888-999-2644 or contact us online.