Payment Fraud Protection

Payment Fraud Protection

Expanding Payment Fraud Protection

PlainsCapital Bank understands the importance of payment fraud protection. That’s why we developed a suite of products and tools focused on stopping fraudulent transactions before they affect your business. Whether your payments are checks or electronic debits, it is important to know what’s hitting your accounts every day. Our Positive Pay and ACH Fraud Modules can help. 

Positive Pay

PlainsCapital Bank Positive Pay provides a controlled environment to monitor your paid check activity. Each time you issue checks, you inform us by sending a flexible format data file from your accounting system or by keying in the information online. We then compare that information to checks that have paid to your account overnight. If we find checks that fail to match, we send you an email alerting you to the possible fraudulent activity. If questionable activity is detected, you can return the check online without further delay.

ACH Fraud Module

In this day and age, fighting check fraud is simply not enough. The increasing role of electronic payments demands that we also provide online solutions for fighting fraud. PlainsCapital Bank offers a variety of methods for fighting electronic payment fraud – known commonly as ACH fraud – including Account and ID Blocks. However, our most powerful tool is our innovative ACH Fraud Module.

This online tool lets you create ACH filters by Company ID, Amount, and Standard Entry Class, virtually ensuring that if something out of the ordinary posts to your account, you’ll know it immediately. Once you’ve created filters, you can quickly and easily update them online as new vendors or customers come on board. If a transaction posts to your account outside of the parameters you’ve specified, we will immediately send an email for payment verification.

Complete Protection

Maximize your payment fraud defenses by enrolling in both Positive Pay and ACH fraud protection. Discount pricing options are available when both solutions are used. Ask your Treasury Management Officer for more information.