Positive Pay is an effective tool for preventing check fraud, but it is only one component of a complete fraud protection solution. At BB&T, we help our clients build a comprehensive strategy for safeguarding your business, streamlining payments and optimizing cash flow.
ACH Control—Safeguard your accounts from fraudulent, unauthorized or erroneous ACH activity.
UPIC—Use a Universal Payment Identification Code to receive electronic ACH payments without divulging confidential banking information.
Reverse Positive Pay—Employ this alternative to Positive Pay to detect check fraud and reduce risk even in situations where timely issued check information cannot be submitted.
Full Reconciliation—Automate reconciliation by receiving a detailed report or data file of all checks issued, paid and outstanding since the last reconcilement period.