Payment Manager
Payment Manager protects against fraud by preventing criminals from cashing fraudulent checks, altering check amounts, or using stolen account numbers for ACH. When an exception occurs, you receive an email advising you to log in to Payment Manager for review. An image of the check or information on the ACH item will be available to help you decide whether to pay or return.
Receive email notifications and SMS alerts if desired when expectations occur. Improved control and security by automating monitoring to detect unusual check and ACH activity.
Features:
- Apply filters on your accounts to prevent unauthorized electronic items from clearing
- Option to approve or reject unauthorized checks or ACH items from your desktop or remotely with the use of our Business Online Banking.
- Access to Outstanding Check and ACH Reporting to assist with Account Reconciliation
Benefits:
- Protects your business against altered and unauthorized check and ACH transactions
- Provides an additional layer of protection against fraud
- Streamlined Reconciliation Process
- Email alerts for any unauthorized transactions
- Peace of mind
Positive Pay
With Positive Pay, you have the peace of mind knowing only your official checks will be paid. Here’s how it works:
- First Financial receives a list of issued checks
- Check information is stored on the bank’s system
- When presented for payment, a check is matched against the official list of issued checks
- Exceptions are presented to designated staff for approval or return
The Positive Pay system is easy to use and always available. You can send your issued item information in a Microsoft Excel file, delimited file, or fixed-width file. If you include Payee Match in your file, our system will attempt to read the payee name from the check for comparison, providing an additional level of protection. For manual checks, simply enter individual checks into the system.
Positive Pay offers a variety of reports businesses can view or download, such as:
- Paid items
- Outstanding items
- Voids
- Account reconciliation
Positive Pay is best for your business if you:
- Want the added assurance of knowing only approved checks will post to their account
- Issue checks to the general public that are easily subject to fraud
Features and Benefits:
- Significantly decreases opportunity of fraudulent checks posting to your account
- Protect your business against altered and unauthorized check and ACH transactions
- Secure, accessible access from any internet connected device
- Enhanced reporting for exceptions and mismatches
- Direct communication via email alerts on unauthorized transactions
ACH Filter & Blocks
Protect your account from electronic fraud by utilizing ACH Blocks or Filters. This service provides an essential added layer of security towards safeguarding your assets by automatically blocking or filtering out unauthorized ACH transactions.
You can either block all incoming debits with ACH blocks, or designate a list of authorized debits/credits with filters. If the ACH Originator is not on the authorized list you provide, we will create an exception that alerts you to either authorize payment or return.
ACH Filter gives you the ability to:
- Allow only pre-authorized companies, creating exceptions for all other transactions
- Filter transactions based on designated amount
- Create filters at an account level
Looking to learn more about how Payment Manager can protect your business from fraud? We would love to continue the conversation in person.
More ways we can help:
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Business Online Banking
Learn MoreBusiness Online Banking has a package that is right for you. This simple tool puts information at your fingertips, helping you make the important decisions necessary to manage your funds properly.
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Liquidity Management
Learn MoreBusiness Online Banking has a package that is right for you. Information Reporting Services put information at your fingertips, helping you make the important decisions necessary to properly manage your funds.
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Payables Management
Learn MoreIncludes: Online Bill Payment, ACH Credit Origination, Payroll Cards, Wire Transfers, and Corporate Purchase Cards.
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Receivables Management
Learn MoreIncludes: Merchant Services, Remote Deposit Capture, Mobile Remote Deposit Capture, ACH Debit Origination, and Lockbox.