protect your business
AND YOUR BOTTOM LINE
ACH positive pay
Reduce the risk of paying unauthorized ACH transactions with ACH Positive Pay from Univest. This service ensures only approved ACH transactions post to your accounts thus protecting your business’ financial assets. With block and filter functionality, ACH Positive Pay automates ACH transactions that match your instructions and returns all potentially fraudulent debits to the originator.
block all -
Completely block and return all ACH debits that attempt to post to your account.
Incoming ACH transactions that align with your pre-established instructions will post to your account. Based on your preference, unauthorized transactions will either be presented for your review via online banking or automatically returned.
check positive pay
Check Positive Pay is a fraud detection tool that complements internal security measures to ensure only authorized checks are paid. As one of the easiest ways to mitigate risk and prevent check fraud, Check Positive Pay monitors checks processed for payment and rejects unauthorized transactions before losses occur.
- The business provides Univest with a file of issued checks each day that checks are written.
- Univest matches the checks as they are presented for payment against the submitted file.
- Any checks that fail to align with the issued information, called “exception items”, are presented on a daily basis for the business to determine whether the checks should be paid or returned.
How can businesses avoid fraud?
While every instance of fraud cannot be prevented, there are some precautions businesses can take to minimize their risk, in addition to the positive pay solutions discussed on this page. Click here to read through our recommended fraud prevention tips.
FROM THE BLOG