Fraud can happen to any business. And not only does it threaten your cash flow, but it puts your business at serious risk. To help protect your business and make it less vulnerable, Webster provides effective tools to help you recognize areas where fraud can occur and find ways to avoid it.
Through Positive Pay, Webster’s highly effective Fraud Services system, you can prevent account fraud before it happens. By allowing you to view potentially fraudulent activity on your account via Webster Web-Link®, you can be alerted to issues before they become problems.
With Check Positive Pay, your list of issued checks is sent to Webster and compared—by serial number, amount, and payee name—against checks presented for payment against your account through the standard clearing process and at Webster’s teller line. Anything potentially fraudulent is posted immediately via Webster Web-Link®.
For ACH transactions, ACH Positive Pay and Debit Block services protect your account electronically from unauthorized or potentially fraudulent ACH debits. These services are used in conjunction with Check Positive Pay, and with ACH Positive Pay, you can restrict access to your commercial accounts.