Check fraud is the most common form of financial crime and one of the largest challenges facing businesses today. Protect your accounts from unauthorized transactions and fraudulent activity using Louisiana National Bank’s Positive Pay. This fraud prevention tool cross-references business-issued checks with checks presented to Louisiana National Bank for payment. Positive Pay matches the account number, check number, and dollar amount of each check presented for payment against a list of checks previously authorized and issued by the business.
This process immediately identifies fraudulent checks as soon as they try to post to a customer’s account, sending any questionable check back to the customer for consideration and final approval.