Fraud Prevention

Fraud Prevention Solutions

Electronic fraud, check payment fraud, and other types can cost your business time and money. Minimize your risk of check fraud and the chances of having account information compromised with C&F Bank’s fraud protection services for businesses with:

Online Banking Tools

• Monitor your business account transactions daily.
• Use secure access codes and tokens.
• Set up customizable alerts.
• Define employee access levels.

Positive Pay

• Identify and flag suspicious or potentially fraudulent checks and choose whether you pay or return the check.
• Protect your business against altered and counterfeit checks with the ability to return checks within 24 hours.
• Quickly review the item with exception images provided to you.
• Keep funds in your account with timely return decisions.

Payroll Processing

• Pay your employees safely and securely—and avoid writing more checks!
• Disburse payroll through direct deposit and payroll cards.

ACH Control

• Control who is authorized to electronically originate debits to your account.
• Reduce fraud by only processing authorized debits.
• Save time and money by reducing labor associated with manual payment prevention measures.
• Stay in control for increased accuracy and greater management over cash flow.

Other Protective Measures

• Choose a specific office computer as your “banking workstation.” Use it only for your business banking and avoid any other kind of web browsing.
• Keep ani-virus and anti-spyware software up to date on your workstation.
• Monitor and balance your bank account(s) daily.
• Assign dual control for processing payments.
• Manage user IDs during employee turnover.
• Verify payment instructions received via email or text message by calling your company contact at the phone number you have on file - not the number in the email.