Fraud Protection Programs & Education

Fraud protection services

Prevent your business from falling victim to fraudulent activity with these helpful tools.

 

ID Theft For Business

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.

  • Block ACH debits on any of your accounts
  • Create a separate account for electronic debits initiated by third parties
  • Utilize a separate computer for online banking with originating ACH transactions
  • Safekeeping of 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
  • Safekeeping of user passwords, pins and tokens

Positive Pay

Positive Pay systematically compares checks being presented against the issued items on your account.

  • Payee verification
  • Issued check not on file
  • Voided checks
  • Amount mismatch
  • Stale date
  • Duplicate checks
Positive Pay

To learn more about Mid Penn Bank’s fraud protection programs, call our Cash Management team at 717-920-8349 or contact us online.