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.