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Fraud Risk Management Solutions

Are you doing everything you can to protect your company against paper and electronic fraud? Losses from check fraud and other illegal activities continue to increase at an alarming rate. Help protect your company from fraudulent activity with Wachovia’s innovative fraud management tools.

ACH Fraud Control

• Prevents unauthorized ACH transactions from unexpectedly settling against your account.
• Choose among the following ACH Fraud Control options:
  • ACH Block – returns all ACH debits or credits attempting to post to an ACH blocked account.
  • ACH Control – accepts authorized ACH transactions based on your list of designated originators.
  • ACH Control with Positive Pay – gives you the option to review and decision any unauthorized ACH transactions.

Account Dollar Limits

• Establish a maximum dollar amount for checks clearing your account.

Positive Pay

• Compares checks presented for payment against your electronic check issuance file to identify unauthorized payments.
• View and make the decision to accept or reject items through Wachovia Connection^®.
• Select the Positive Pay option to best meet your needs:
  • Basic Positive Pay – compares checks presented for payment against your issuance file with no hard copy account reconcilement reports.
  • Positive Pay – compares checks presented for payment against your issuance file and includes the hard copy account reconcilement reports.
  • Premiere Positive Pay – funds only those checks that will clear based on “matched items” for that day.
  • Teller Positive Pay – matches checks presented over-the-counter at any Wachovia Financial Center to your issue file prior to cashing the check.
  • Payee Match Positive Pay – detects any differences in payee name, in addition to check number and dollar amount.

Read a Positive Pay success story to learn more about how Positive Pay can benefit your company.

 

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