Business Security

Protect Your Money

Check and ACH Positive Pay

U.S. businesses will lose an average of 5% of their gross revenues to fraud. Private companies and small businesses rank highest in occupational fraud frequency at 42% compared to large corporations, government, and non-profits. The biggest contributing factor is the lack of internal controls.

—ACFE “The Association of Certified Fraud Examiners” 2022 Report to the Nations Global Study on Fraud and Abuse

Positive Pay is here. 

You work diligently for your earnings and safeguarding them is crucial. We feel it’s essential to empower businesses with the tools and resources necessary to protect against losses due to fraudulent activity. Mutual Federal offers a comprehensive fraud prevention package to aid in protecting your business against vulnerability associated with your business checking account.

Here's how our Positive Pay service ensures the security of your accounts:

Check Positive Pay:

• Streamlined Process: Easily upload an electronic file of your written checks directly from your accounting software, or enter them manually.
• Verification: Inclearing checks are matched against your Positive Pay file to validate the check number, check amount and payee. Any discrepancies are flagged for your review, giving you the authority to pay or reject the check.

ACH Positive Pay:

• Customizable Rules: Create, modify, and establish filter and block criteria and rules that determine which ACH debits and credits can post to your account.
• Verification: ACH transactions are rigorously verified against the criteria and rules you've set. Any discrepancies are flagged for your review, giving you the authority to approve or reject them.

More secure.

Protect your finances, reduce losses, and enhance your control over your business's financial security with our Positive Pay solutions. 

We understand that safeguarding your financial assets is a 24/7 commitment. At Mutual Federal, we take this responsibility seriously. Our ACH Positive Pay and Check Positive Pay services stand as your dedicated allies in the battle against ever-evolving financial threats.

For more information regarding Positive Pay and other security features available on your account, please visit a branch or contact 1-937-498-1195.