Fraud Protection & Risk Management
Safety and security for what matters
Every business needs a partner they can count on to provide the solutions and tools to effectively manage all aspects of their finances. NBT Bank’s robust digital fraud protection tools help to identify fraud early to mitigate financial loss as a result of fraudulent and altered checks and unauthorized ACH debits. Let our expert Treasury Management team guide you to the products and services you need to keep your business safe and secure.
To learn more about any of NBT Bank’s Fraud Protection and Risk Management Services contact your dedicated Treasury Management Sales Officer.
Positive Pay Services
ACH Positive Pay
Protect your account from unauthorized ACH debits with ACH Positive Pay. Simply identify vendors that are authorized to debit your account with optional dollar thresholds. If an unauthorized ACH debit is presented, we notify you to decide whether to pay or return the item within our Digital Banking platform.
How can ACH Positive Pay with NBT help my business?
- Mitigates risk of potential ACH fraud
- Optional dollar thresholds depending on vendor relationship
- Provides peace of mind while realizing the benefits of ACH processing
Check Positive Pay
Protect your accounts from fraudulent, counterfeit or altered checks. You simply provide us with an electronic file containing information about checks issued by your company. We compare the check details in the file with the actual checks presented for payment. The details include check number, amount, and issue date. If an unauthorized check is presented, we notify you to decide whether to pay or return the check payment within our Digital Banking platform.
For added protection, we also offer Payee Positive Pay which verifies the payee name on the issued check.
How can Check Positive Pay with NBT help my business?
- Mitigates risk of potential check fraud
- Automates fraud protection processes
- Eliminates need to close the account if fraud is perpetrated
Universal Payment Identification Code (UPIC)
Prefer to receive incoming ACH payments from business customers without divulging your account information? Our UPIC service assigns a unique routing and account number to allow processing without exposing your actual account information. Since UPIC is specifically associated with incoming ACH’s, any ACH debit attempt using this information will be blocked.
How can UPIC with NBT help my business?
- Protects confidential account information
- Provides peace of mind while giving your customers convenient payment options
- Eliminates need to establish separate account for incoming payments
Visit the Business Fraud Information Center for more information on protecting your business from fraud.
