Fraud Prevention

Protect Your Business with Positive Pay

In a financial world where fraud is more sophisticated than ever, protecting your businesses’ assets is crucial. Nationwide fraud losses have topped $12.5 billion¹, and 90%² of companies reported experiencing fraud last year.

Amalgamated Bank's Positive Pay products offer robust, proactive defenses designed to safeguard your cash flow, protect your reputation, and give you complete control over your accounts.

Positive Pay: Fraud Prevention Solutions

Our Positive Pay product suite provide an advanced layer of security, empowering you to identify and prevent unauthorized transactions before they become a problem. Choose the solution that fits your needs or combine them for comprehensive defense.

Check Positive Pay

Check Positive Pay is ideal for businesses that frequently issue checks and want to prevent paper-based fraud like counterfeits or alterations.

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Automated Matching: Compares every check presented against your authorized issued checks.

Fraud Flagging: Flags any check that doesn't match - by number, date, account, or amount - for your review.

Payee Match: Add payee name matching for enhanced security.

ACH Positive Pay

For those with significant electronic transactions, ACH Positive Pay provides crucial control over incoming electronic debits, protecting against unauthorized withdrawals.

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Customizable Filters: Set rules, blocks, and dollar thresholds for ACH debits.

Exception Handling: Any unmatched ACH debit is flagged for your immediate review and approval.

Prevent Unauthorized Debits: Safeguard your account from electronic payment scams.