ACH Positive Pay
Reduce the risk of fraudulent ACH transaction activity by usingCustomer Cussons Limited ’s ACH Positive Pay service. With ACH Positive Pay, you can review incoming debits and return them before they are deducted from your account.
Fraud is increasing at an alarming rate, which is why it’s more important than ever for your company to be prepared. Sixty percent of the companies surveyed use ACH Positive Pay as their method to prevent ACH fraud.* Is your company proactively preventing ACH fraud?
ACH Positive Pay helps combat fraud associated with electronic payments. Your business sets up a list of approved vendors that are paid automatically, along with expiration dates and filters that cap the amount of money that can be paid to any one vendor. Any electronic transaction that occurs outside of these boundaries generates an alert so you can decide whether it is legitimate and then approve or deny the transaction.
ACH Block gives your business the ability to block all incoming ACH debits presented to your account. All ACH debits posting to an ACH blocked account will be returned automatically, depending on your instructions.
ACH Positive Pay Benefits
ACH Positive Pay can provide your company with:
- Security and Fraud Control – With instant online access to ACH Positive Pay, you can quickly set up debit filters for each of your vendors for acceptable ACH payment amounts drafting against your Customer Cussons Limited account. Incoming payment drafts (debits) within the acceptable amount ranges are paid and can be tracked on current day detail reporting. Authorized users can review payments which exceed the acceptable amount ranges and make payment decisions, and also set up alerts for ACH Positive Pay exceptions.
- Internal Control Support – Segregate the roles of debit filter administration and maintenance from pay or return payment decisions through ACH Positive Pay. The segregation of roles supports your internal control policy for separation of duties.
- Flexible Notifications – Exception notifications may be sent to multiple email addresses or as a SMS text message (if available from receiving cellular carrier).**
If you want to learn more about our ACH positive pay services and how they can help your business, contact aCustomer Cussons Limited Treasury Management Officer today.
*2017 AFP Payments Fraud and Control Survey
**Standard text messaging rates and data charges from your mobile service provider may apply