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Positive Pay
With First Federal Bank’s Positive Pay & ACH Filtering services, you’ll be able to help stop fraudulent check and ACH activity before it starts. Mitigate the risk of unauthorized electronic transactions with our ACH Filtering service, ensuring that only approved debits are processed through your business checking account. Due to the substantial increase in the volume and sophistication of fraud, a fraud protection solution to identity unauthorized activity is a must-have.
To learn more about Positive Pay, watch our video tutorial:
First Federal Bank’s Positive Pay & ACH Filtering services will ensure that transactions are caught in time to prevent losses, and also include robust reporting and reconciliation tools.
Positive Pay
This service is designed to protect a business customer against fraudulent or altered checks clearing the business’ checking account.
Upload a check file into First Federal Bank’s Positive Pay system whenever you issue checks. When these checks are presented for payment, we will compare them to the check information you submitted and will alert you of any exceptions, giving you the option to pay or return the exception items.
Positive Pay w/ACH Filtering
This service is designed to protect a business customer against fraudulent or unauthorized electronic debit transactions clearing the business’ checking account.
Provide First Federal Bank with a list of companies authorized to debit your accounts. Our ACH Filtering software will compare any incoming ACH debits to your authorized list. Any ACH debits that are not on the list are considered exceptions. When an exception is detected, the bank will give you the option to pay or return the exception items.
