ACH Fraud: A Growing Threat
Electronic fraud involving Automated Clearing House (ACH) transactions is becoming an increasingly popular way for hackers to siphon money out of your business bank account. At FCB, we offer two product solutions that will help your organization combat fraudulent activity targeting ACH transactions.
ACH Fraud Control
Protect your company by specifying which vendors are authorized to post ACH debits to your account(s). Your business even has the flexibility to set dollar limits on each incoming debit by authorized vendor. If the incoming ACH debit is from a non-authorized vendor you are informed prior to processing.
ACH Block prevents all ACH debits from posting to your account. This solution is extremely important for Zero Based Account (ZBA) relationships.
To learn more about our Treasury Management services, contact us today!