Positive Pay is, quite frankly, one of the best ways to prevent check fraud scams on a business checking account. Basically, a business owner writes checks and if there are any discrepancies between the checks written and the checks clearing the account, the business owner has the option to either pay or return the items. No check will clear the account without going through this process and thus limits the possibility of check fraud scams.
Most business owners understand and appreciate the secu...
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Tags: Check Fraud, Checking Fraud, Positive Pay, Check Fraud Preventions, 1st Mariner Bank, Business Banking, Cash Management, What is check fraud, check fraud losses, check fraud example, fraudulent checks
Business Tips & Banking | Security