Protect Your Business Checks With Positive Pay
The Threat is Evolving. Your Defense Should Too.
Check fraud isn’t just a “paper problem” anymore—it has entered the digital age. Criminals are combining old-school theft with high-tech deception to target businesses of all sizes. While you focus on growing your company, fraudsters are working overtime to drain your accounts.
The “Bad Guys” Are Getting Smarter
It’s a double-edged sword: thieves are using sophisticated tools to bypass traditional security, while still relying on simple physical theft.
- High-Tech Deception: Fraudsters now use AI-driven software and ultra-high-resolution printing to create “washed” or forged checks that are nearly indistinguishable from the real thing.
- Low-Tech Theft: Mailbox thieves and many other methods of obtaining information are at an all-time high. A single check can provide a criminal with your routing number, account number, and signature.
The Reality: Once a fraudulent check clears, the recovery process can be grueling and costly. Urgency and diligence are your best defense.
The Great News: You Have a Shield
You don’t have to leave your cash flow to chance. At Jonesburg State Bank, we’ve made significant investments in cutting-edge security technology and expert personnel to ensure your assets remain yours.
The ultimate layer of protection is Positive Pay.
How Positive Pay Protects You
Positive Pay is a powerful automated fraud detection tool that acts as a gatekeeper for your checking account. It’s simple, effective, and puts the power back in your hands:
- You Tell Us What’s Real: You provide the bank with a list of checks you’ve actually issued (check number, payee, and amount).
- Verify Every Item: When a check is presented for payment, Positive Pay verifies every check to your pre-authorized list.
- You Make the Call: If something doesn’t match—even by a penny—it is flagged. If you don’t approve in a timely manner, the payment will be returned.
Our Commitment to Your Security
We aren’t just providing a product; we are providing a partnership. Our team is constantly on guard, monitoring trends and upgrading our systems to stay one step ahead of bad actors.
Stop Fraud Before It Starts
Don’t wait for a suspicious transaction to realize your account is vulnerable. It only takes a few minutes to set up a fortress around your business finances.
Contact Us to Set Up Positive Pay Today
Utilize the form below, stop by or call us at one of our 3 locations to get started.
Positive Pay FAQ
What is Positive Pay?
Positive Pay is a fraud prevention tool that allows you to monitor items posting to
your business accounts. When you are enrolled, you provide a daily list of checks you have issued. When a check is presented for payment, Positive Pay will cross-reference it against your list. If the details don’t match, then you can choose to pay or return them.
Why do I need Positive Pay?
The landscape of financial crime is evolving rapidly. Criminals are now leveraging advanced technologies, including Artificial Intelligence and high-resolution imaging, to create near-perfect counterfeit checks that are increasingly difficult to detect. While these “bad actors” use new tech, they are also relying on age-old methods – such as stealing outgoing mail directly from mailboxes – to intercept your legitimate checks and alter them for fraudulent use.
How does Positive Pay work?
When you are enrolled in Positive Pay you are in control of what is allowed to post to your account. Daily, you will upload a list of checks that you have written that day through your internet banking. This list will contain the check number, amount and payee. If a check comes through that does not match these values, then it will be marked as an exception and you can decide whether to pay the check or have it returned.
How do you enroll in Positive Pay?
Let us know if you want to be enrolled in Positive Pay. Once enrolled you can start uploading your file.
Is Positive Pay just for Business Accounts?
Yes, currently it is only offered through our business internet banking Cash Management account.
