Protect Your Business from Check Fraud with Less Manual Work
Protecting your business from fraud is more important than ever. As check and payment fraud continue to evolve, VeraBank remains committed to providing solutions that help safeguard your accounts while simplifying your daily operations.
That's why we're excited to offer CheckSync, a new enhancement to VeraBank's Positive Pay service designed to make fraud prevention easier, more automated, and more efficient for our business customers. Positive Pay helps protect against check and ACH fraud by comparing presented payments against information you've previously provided, while CheckSync helps automate that process and reduce manual effort.
What Is Positive Pay?
Positive Pay is one of the most effective tools available to help businesses combat check and ACH fraud. The service allows businesses to provide issued check and payment information to VeraBank in advance. When a check is presented for payment, the information is compared against the details on file. If there is a discrepancy, an exception is generated for your review before the item is processed.
Positive Pay also includes features such as:
- Check Positive Pay and Payee Match
- Positive Pay mediante ACH
- Real-time alerts
- Exception management
- Online check image viewing
- ACH authorization and filtering tools
Meet CheckSync
CheckSync enhances Positive Pay by automatically syncing issued check information from your QuickBooks Online or Xero accounting software directly to the Positive Pay system. By eliminating manual file uploads, CheckSync helps reduce administrative work, improve efficiency, and ensure your check data is sent automatically on a scheduled basis.
Key Benefits of CheckSync
- It's Free: CheckSync is available at no additional cost and is offered exclusively to VeraBank Positive Pay customers.
- Automatic Hourly Updates: Checks sync every hour, helping ensure your issued check information remains current without requiring manual uploads or ongoing maintenance.
- No Changes to Your Existing Process: Your daily routine stays the same. You'll continue reviewing your Positive Pay exceptions and approvals just as you always have, while CheckSync works behind the scenes.
Better Protection with Less Effort
One of the biggest challenges with fraud prevention tools is maintaining consistent file uploads. CheckSync helps eliminate that concern by automatically keeping issued check information up to date. This reduces the risk of missed uploads, increases the effectiveness of Positive Pay, and helps strengthen your protection against fraudulent check activity.
The result is a smarter, more seamless fraud prevention process that saves time while helping protect your business.
Conozca más
Whether your business issues a handful of checks each month or manages a large volume of transactions, Positive Pay with CheckSync is one more way we're here to support you. To learn more about this additional layer of security, visit our website.
Ready to get started with CheckSync? Contact a Business Banking Specialist today.
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