Increase In Business Check Fraud

Increases in business check fraud often originate from unattended mail. It is crucial to use a P.O. Box or ensure direct delivery to an office address. 

If checks fall into the wrong hands, criminals gain access to sensitive business information. This not only enables them to modify existing checks but also to produce counterfeit ones that closely resemble the originals.

GSBs Positive Pay service provides peace of mind, protecting your business account from check fraud losses. With Positive Pay, we review issued checks and match them to pending transactions. Transactions that don’t match are flagged for your review, giving you the power to authorize or decline the payment. Learn more about business fraud protection services.

 

Is your business protected from fraud? Don’t wait until it’s too late. For more information on Positive Pay, email cashmanagement@gorhamsavings.bank.