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Fraud Mitigation

Fraud Mitigation

For all the positive benefits that technology has introduced, there are also inherent risks that make businesses more susceptible to fraud every day. At Peoples Bank, our customers' financial security is of the utmost importance. We invest in a wide range of products and services that help to provide a secure banking environment and limit your risk of fraud. Learn about our services below or contact our Treasury Management team for more information. 

 

Positive Pay

Positive Pay reduces fraud by validating checks presented to your account. Our system automatically matches the check details - the date, the amount, the payee, and the account on which the check is drawn - against your check issued to detect discrepancies such as:

  • Stale dated checks
  • Encoding errors
  • Duplicate serial numbers
  • Voided checks
  • Checks with an altered amount
  • Checks with an altered payee (with optional payee validation)

Peoples Bank also offers ACH Positive Pay, which allows you to choose which companies can submit ACH debits to your accounts and dollar amount maximums. Enroll in Peoples Bank Business Online Banking and Business Mobile Banking to receive Positive Pay alerts promptly and conveniently.

 

Check Block

Prevent checks from posting to accounts that are used exclusively for deposits and electronic transactions.

 

Advanced Login Authentication

Peoples Bank offers our Business Online Banking customers the highest level of security to protect you from fraud and identity theft. Our advanced login authentication requires the use of security token authentication which requires a two-step login verification: every time you log in to Business Online Banking, the Bank identifies you, and it lets you identify the Bank. Activating your token only takes a few minutes and we offer both physical token fobs as well as software tokens (soft tokens) that provide the added convenience of using an app installed on your mobile device. 

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Online Banking

Need the convenience to bank anytime, anywhere? Enroll in Business Online Banking to start banking with freedom.

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Business Resource & Education Center 

Find the latest educational resources to help your business stay current on cyber fraud.

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Deposit Accounts

 
Securely maximize your cash position with our variety of checking, sweeps, or money market accounts.
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