Business account fraud is on the rise. At WSFS Bank, we believe prevention is the best approach, and we have the solutions available to do just that. Our solutions offer added security and control over check and ACH transactions, giving you power and peace of mind.
Our Fraud Prevention Solutions
Fight check fraud
Check Positive Pay
- Improved control over check payments with the ability to decide whether to make immediate pay/no pay decisions on potential fraudulent items
- Increased efficiency as it is a fully automated process offered within Business Online Banking
- Lower costs with the potential to reduce fraud losses and time and labor with an automated process
Reduce the risk of ACH fraud
ACH Positive Pay
- Helps prevent fraudulent, unauthorized or erroneous ACH transactions
- Provides the ability to place ACH transaction blocks or filters in real-time within Business Online Banking to prevent unauthorized debits
- Considerably reduce fraud exposure and potential losses associated with electronic fraud
Payee matching Service
Payee Positive Pay
- All the same benefits of Positive Pay + extra protection
- Offers you more control over your checking transaction management process
- Detect and prevent fraud situations through proactive check review
Interested in learning more?
Visit our Security Center for up-to-date tips and fraud prevention education.