Check Fraud is a BIG problem, and it’s only getting worse. At First Community Bank, we know that protecting your business is important to you. It’s also important to us. That’s why First Community Bank offers Positive Pay* as a cash management tool for business owners looking to minimize loss due to check fraud.
Once you enroll for Positive Pay*, you simply provide the bank, via internet banking, a list of checks you have written including date, dollar amount, check number and payee. Then, whenever we receive a check for payment, the Positive Pay* system verifies the information on the check to the information you have provided. If the information matches, we pay the check. If it doesn’t, then that item comes back to you for review. You decide if that check is approved or denied for payment. The choice is yours.
So, if you are looking to take a proactive approach to check fraud prevention, then Positive Pay* from First Community Bank may be the cash management tool you are looking for.
*Some restrictions and fees apply.
UNLAWFUL INTERNET GAMBLING ENFORCEMENT ACT OF 2006 This notification is provided pursuant to the Unlawful Internet Gambling Enforcement Act of 2006 (the “Act”) and Regulation GG. The Act prohibits any person engaged in the business of betting or wagering from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. Accordingly, these restricted transactions are prohibited from being processed through an account or other relationship with First Community Bank
