Fraud Deterrent Solutions
BHI provides you with the confidence and security of fraud deterrence and protection.
BHI offers robust and state-of-the-art solutions to safeguard your company and protect your business against fraud. It is critical that companies have the confidence and security of knowing that strong protection and deterrent measures are in place.
We provide Positive Pay, which will enable you to minimize the potential for loss by detecting fraudulent checks and ACH debits. Each check presented for payment will be matched against the list of checks issued. It is up to you to decide whether to pay or decline a suspicious check.
ACH Positive Pay focuses on ACH electronic transactions which are attempting to debit your account. Businesses can set up filters and approve vendors for automatic payments. Transactions that don't meet the set criteria trigger alerts for approval or denial.
Check Positive Pay Payee targets check fraud. It verifies details like check number, amount, account number, and payee name against a pre-approved list. This additional layer of protection ensures checks are not altered or counterfeit.
The safety and security of our clients is our top priority. We provide you with the most innovative systems and technology to detect and prevent fraud.
Positive Pay is an automated cash management service offered by BHI to help business clients minimize the risk of fraudulent transactions. Positive Pay works by matching checks or ACH transactions presented for payment against a pre-approved list that you provide. If discrepancies are found, BHI flags them for your review before processing.
Benefits to Business Clients
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Fraud Prevention: Positive Pay helps reduce the risk of unauthorized transactions, adding an extra layer of protecting businesses against financial losses.
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Enhanced Security: Business clients gain greater control over their accounts, reducing the likelihood of unauthorized payments or check irregularities, such as encoding errors and multiple postings.
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Peace of Mind: Positive Pay acts as an additional safeguard against liabilities, providing greater confidence in your financial operations.
ACH Positive Pay vs. Check Positive Pay Payee
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ACH Positive Pay: Focuses on ACH electronic transactions that attempt to debit your account. Businesses may use filters and pre-approve vendors for automatic payments. Transactions that do not meet established criteria will trigger alerts for your approval or denial.
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Check Positive Pay Payee: Targets check fraud by verifying details such as check number, amount, account number, and payee name against a pre-approved list. This additional layer of protection reduces the risk that checks are not altered or counterfeit.
Both ACH Positive Pay and Check Positive Pay Payee serve as valuable tools for business clients to safeguard their finances and streamline operations.
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