With millions of checks in circulation each day, businesses don’t have the time or resources to inspect each one. Yet, no one can afford to ignore the fact that some checks are fraudulently drawn on business accounts. Unfortunately, fraud is usually undetected until the after the check is paid.
Preventing fraud with Positive Pay
Rabobank, N.A Positive Pay represents a proactive approach to combating check fraud, with Rabobank, N.A and your business working together as a team. As an early warning fraud detection system, Positive Pay arms your business with the information needed to stop check fraud before it becomes a loss.
How does it work?
From high-tech counterfeit checks to simple forgeries, business checking accounts are targets for fraudsters. Rabobank, N.A Positive Pay allows you to electronically share your check register for all written checks with Rabobank, N.A. We will only pay the checks listed on the register – with the precise specifications that you indicate – such as amount, serial number, etc.