Detect and Prevent Check Fraud
Check Positive Pay is a fraud-mitigation service that helps detect fraudulent, altered, stolen, duplicate, or counterfeit checks before they are paid.
Each day, checks presented for payment are compared with the check information issued from your account. Exception reporting and user-defined controls help you review suspicious activity and make faster, more informed payment decisions.
Reduce Your Risk of Loss
Check fraud can disrupt cash flow, lead to time-consuming investigations, and result in unreimbursed financial losses. Check Positive Pay, combined with daily account reconciliation, helps your business identify unusual transactions and respond quickly.
Payee Positive Pay
Go beyond standard check matching with payee verification. Our
advanced system uses optical character recognition (OCR) to compare
payee names with your issued check file, providing an additional
layer of protection against altered and fraudulent checks.
Improved Control
Detect potentially fraudulent checks before payment is processed
and help ensure that only valid checks are paid.
Cost Savings
Reduce potential losses and labor expenses through an automated
verification process.
Greater Security
Monitor suspicious activity and reduce the risk associated with
unauthorized or altered checks.
Get in Touch With Us Today
No matter the size of your business, you are vulnerable to check fraud. The FLCBank team is ready to help you manage and control your business finances in every situation. Secure all of your business bank accounts today with our Positive Pay Services.
Additional Treasury Management Services Available
At Florida Capital Bank, we offer a number of other leading-edge Treasury Management Services that can help you achieve optimal cash management and simplified accounting. These services include but are not limited to:
Business Online Banking
- Monitor real-time balances and funds transfer activity.
- Access check and deposit transaction images.
- Access online and wire origination and approvals.
Automated Clearing House (ACH) and Wire Transfers
- Easily and securely download your ACH files.
- Initiate and manage online wire transfers, including domestic and international payments (USD currency only)
Sweep Services
- Automate your daily cash management decisions by sweeping your funds.
- Link your line of credit to your business checking account and excess checking balances will be applied to the credit account.
Remote Deposit Capture
- Deposit checks electronically and securely from your office.
- Consolidate deposits quickly into your account.
- Click here to learn more about Remote Deposit Capture
Lockbox
- Allow your customers or business partners to send payments directly to your lockbox.
- Minimize debt costs and keep funds available for your business
ACH Positive Pay
- Detect fraudulent transactions before payment is processed
- Receive alerts to ensure only valid transactions are made
- Establish rules for vendors, set expiration dates and amount limits
*FLCBank offers Check Positive Pay Services to help identify unusual check transactions that might be caused by fraudulent transactions or accounting errors. The owner of the Business account may be responsible for any fraudulent or unauthorized check transactions which could have been prevented by reconciling accounts daily and using a service like Check Positive Pay.