How CBNA Positive Pay helps prevent business fraud

There’s a lot to juggle when you own a business. Customer needs, employee expectations, supply, demand—it all adds up and can be tough to keep in check. The last thing you want to worry about when you already have so much to manage is the possibility of fraud.

The reality is that fraud will always be a threat, but there are ways to protect your business from it. CBNA Positive Pay, for instance, safeguards your cash flow by shielding your business from fraudulent checks and ACH scams from criminals using the network to steal your funds.

Here’s how our Positive Pay tool monitors and protects your account: Before any checks are paid or money is pulled from your account, you give final approval of each transaction. You’re notified of any check or electronic transfer occurring against your account, and if the request doesn’t match your records, you can block the transaction before any funds are pulled.

Feel more secure using Positive Pay and enjoy:

Early fraud detection

Although safeguards are always in place, scammers and fraudsters are constantly on the prowl for gaps in security. CBNA Positive Pay gives you the chance to review and approve every single withdrawal from your accounts, allowing you to identify and deny fraudulent activity. There are plenty of steps that can be taken to prevent payment fraud, with CBNA Positive Pay being one of the more effective options.

Increased control and accountability

By reviewing every single transaction, you have the first and final say about what happens to your money. Approve the checks and transfers you initiated while blocking any suspicious or fraudulent activity. Through this highly secure model, you have greater control over your business finances.

Reduced financial losses

Fraud costs money, both in the amount that is stolen and the effort it takes to get it back. By staying ahead of fraud, you can avoid this costly mistake and identify scams before they do any damage to your business.

Streamlined transaction verification

Although you would think extra safeguards mean extra steps, CBNA Positive Pay allows you to review all transactions and decision suspect items through online banking. You can review and verify new activities while also looking back on previous withdrawals from the same place, giving you a complete view of your business finances.

Peace of mind

Rest assured, you’ll have access to review every single transaction using Positive Pay. Knowing your money is protected from various forms of check fraud and ACH scams, you can focus on other aspects of your business.

CBNA Positive Pay is available for Community Bank business customers enrolled in Premier Business Connect, our enhanced online banking solution. Offering an intuitive desktop and mobile-app user experience, our online platform is a customizable system that allows for greater functionality and control over your finances.

Looking for a more secure way to bank for your business? Click here to explore our Treasury Management Solutions or talk with one of our Treasury Specialists about how you can add CBNA Positive Pay to your business account.