Check fraud is growing at a rate of 25% annually. More importantly, criminal methods are becoming more sophisticated. At American National Bank, we offer a highly effective approach to this growing problem through our Positive Pay Service. This service works with you to ensure that all checks written for and by your company are tracked.
A daily comparison is made between your checks presented for payment and an electronic list of checks that you have imported into our iBank system. You are alerted via email to any exceptions. You may view the exceptions online, examine an image of the check presented, and make a pay or no-pay decision.
Additional features of Positive Pay Service include:
- Select a High-Dollar Threshold amount - ALL checks above the amount are presented for your review
- Interacts with our online teller system. Tellers are alerted if any of your checks are presented for cashing that do not match the issue records you imported.
- Positive Pay adapts to the file format produced by your Accounts Payable system
Through our Positive Pay Service, American National Bank can offer you peace of mind and improved audit control. To learn more about Cash Management Products and Services including Positive Pay or to learn more about how to protect your business from fraud, visit us at http://www.anbank.com/Business.html or contact us at (402) 399-5037.