In today’s digital era, businesses face increasing threats from fraudulent activities. Two critical tools that have emerged to combat these threats are Positive Pay for checks and ACH. These systems provide robust protection against check and electronic payment fraud. Understanding how they work, and their benefits, is essential for any organization aiming to secure its financial operations.

What is Positive Pay?
• Positive Pay is a cash management service offered by First National Bank of Michigan to help businesses detect and prevent fraud on checks and electronic payments made through the Automated Clearing House (ACH) network.

Benefits of Positive Pay for checks and ACH:
• Fraud Mitigation: Both services are designed to detect and prevent unauthorized transactions, significantly reducing the risk of financial losses due to fraud.

Positive Pay is an indispensable tool in the modern financial landscape, providing essential safeguards against fraud.
By automating transaction verification and enabling notifications, these services empower businesses to protect their financial assets effectively. As fraud tactics continue to evolve, investing in these advanced fraud prevention
mechanisms is a proactive step to save businesses significant time, money, and reputational damage in the long run.

Contact Melanie Squires for more information.

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