Positive Pay
As a First Minnetonka City Bank client, you have access to Fraud Protection Services through Business Cash Management Online Banking, which can help identify check fraud before it’s too late.
First Minnetonka City Bank offers a helpful and efficient Web-enabled check verification service called Positive Pay that can help businesses combat check fraud. Available through Business Cash Management Online Banking, Positive Pay compares checks presented for payment against check information you provide electronically to First Minnetonka City Bank in order to identify discrepancies, or “exceptions.” You are notified when an exception occurs so that you can review the check(s) and determine if a fraud attempt has been made. If you believe that a check is fraudulent, you can indicate that the check should not be paid.
The entire system is Web-enabled, so you can see an online image of the item in question and make your selection to pay or not pay instantly.
At First Minnetonka City Bank, we offer exceptional personal service while delivering business solutions that make sense.
Contact your Business Banker today for more information.
