Protect Your Business from Fraud with Positive Pay

As a business owner, fraud is one of the fastest-growing threats to your financial security. With countless transactions happening daily, fraudulent activity can slip under the radar, causing costly disruptions. But with the right tools, you can protect your business and detect fraud early. NebraskaLand Bank’s Positive Pay solution is here for precisely that—providing businesses with a layer of security to safeguard against financial fraud.

In this blog, we’ll explore what Positive Pay is, how it works, and why it’s a powerful solution for protecting your hard-earned assets.

What is Positive Pay?

Positive Pay is a fraud prevention service that verifies checks and ACH (Automated Clearing House) transactions presented for payment. The process is simple yet incredibly effective.

Here’s how it works with NebraskaLand Bank:

• Upload a digital record of the checks you’ve issued (e.g., amounts, dates, and payees).

• When a check is presented for payment, we crosscheck it against your records.

• As ACH transactions debit/credit your account, add them to either an approved list or block list
• Any discrepancies are flagged for review before payment is processed.

This early detection not only prevents unauthorized transactions but also significantly reduces the risk of financial loss.

Who Can Benefit from Positive Pay?

Positive Pay isn’t limited to any specific industry or type of business. Whether you’re a local small business or a multi-state operation, if you issue checks or receive ACH transfers originated by another company, this service can protect your financial transactions. It’s especially valuable for businesses that make frequent payments and want to ensure every transaction is verified.

Why Positive Pay is Crucial for Business Fraud Prevention

1. Enhanced Protection from Check Fraud

Check fraud can take many forms—from forgery to payee alterations. With Positive Pay, each check’s details (such as the check number, amount, and payee) are validated, reducing the risk of unauthorized activity.

2. Prevention of ACH Fraud

ACH fraud has grown alarmingly, especially in business-to-business transactions. A critical feature of NebraskaLand Bank’s Positive Pay is its ability to monitor ACH debits and credits. You can pre-approve specific vendors, block unauthorized company IDs, or set transaction limits to ensure only legitimate payments are processed.

Under NACHA rules, businesses have just 24 hours to dispute fraudulent ACH transactions. Positive Pay alerts you daily, providing the opportunity to block fraudulent transactions before funds are lost.

3. Early Detection Saves Time and Money

Fraudulent activity can cost businesses significant time and money. Early detection through Positive Pay allows you to act before transactions are finalized, saving your business potentially thousands of dollars in recovery and investigation costs.

4. Cost-Effective Defense

Compared to the financial and reputational damage caused by fraud, Positive Pay is an affordable, proactive solution. It’s an efficient way to secure your payments without breaking the bank.

5. Peace of Mind for Business Owners

Knowing that NebraskaLand Bank’s secure system is monitoring your transactions 24/7 gives you the confidence to focus on running your business rather than worrying about fraud.

 

How to Set Up Positive Pay with NebraskaLand Bank

Getting started with Positive Pay is simple. Our team of experts will guide you through the setup process to ensure a seamless integration into your existing financial workflows. Within a few days, you can upload your check and ACH data using our secure system, and the platform will handle the rest.

Need help? Our electronic banking specialists are available to answer questions and provide any assistance you might need along the way.

 

Real Stories from NebraskaLand Bank Positive Pay Users

“Positive Pay is a lifesaver for our company.”

“We pay millions of dollars each month, and Positive Pay has made all our payments secure. It acts as a second line of defense, protecting our business from fraudulent activities in real time. NebraskaLand Bank’s specialists made setup easy, and the peace of mind it provides is invaluable.”

“We were victims of check fraud—it won’t happen again.”

“An individual was able to replicate our checks and cash them across multiple states. This event highlighted how essential fraud-protection tools like Positive Pay are. We’ve since implemented Positive Pay, and knowing we’re protected gives us the confidence to manage our finances without fear.”

Why Choose NebraskaLand Bank Positive Pay?

When you choose Positive Pay with NebraskaLand Bank, you’re not just getting a tool—you’re gaining a trusted partner in fraud prevention.

Features That Make a Difference:

• Verified Payments: Ensures each check or ACH is valid before approval.

• Enhanced Security: Validates payee names, check numbers, dates, and amounts.

• Expert Support: Our team is always here to help identify and mitigate risks.

• Early Fraud Detection: Catches suspicious activity before any losses may occur.

• Peace of Mind: Protects your assets while providing confidence in your payment processes.

 

Take the Next Step

Fraud doesn’t stand a chance when you’re armed with NebraskaLand Bank’s Positive Pay solution. Protect your business, reduce risk, and save time with a security system designed to stay one step ahead of fraudsters.

Contact us today to sign up for Positive Pay and take control of your financial security.

Don’t wait until fraud happens—act now to secure your payments and protect your business