Prevent Business Fraud
Once it happens, dealing with fraud can halt your operations. Is your business ready to prevent fraud?
Empower Your Business with Fraud Prevention Tools
Managing your business finances goes beyond tracking payables and receivables. Our Treasury Management fraud tools can help you strengthen your financial controls with proactive account monitoring, regular reconciliation, and smart risk mitigation strategies.
Take Control: Monitor, Reconcile, and Protect Your Business
Strengthen Your Digital Defenses
Safeguarding your operations means actively preventing fraud and reducing risk. Every device connected to your network plays a role in your information security. Stay vigilant about how and where you access business systems, and ensure your team understands the risks associated with mobile and remote access.
- Business Email Compromise, payment fraud targeted through email, is a critical channel to protect. This is especially true for employees who have access to banking information. Ensure your team verifies requests for payment. Verify email addresses, identities and URLs.
- Reporting fraud quickly is important for adequate remediation, protecting you from further losses and possibly tracking down fraudsters and funds.
- Protect your business from computer intrusion, ransomware, and other digital threats by implementing robust IT processes, deploying trusted software solutions, and investing in employee training. A layered approach to cybersecurity helps safeguard sensitive financial data and operational integrity.
Alternative Fraud Prevention Solution
Reverse Positive Pay offers a simplified fraud mitigation approach tailored for businesses that issue fewer checks or prefer a more hands-on review process. Instead of submitting check issue files in advance, each check presented for payment is flagged as a “Suspect.” You then log into Business Online Banking to review and decide whether to pay or return each item.
This solution is ideal for smaller businesses or those seeking greater control over individual check transactions without the need for file uploads. It provides flexibility and visibility while maintaining fraud protection.
First Merchants offers a broad product suite and experienced professionals to deliver superior service, along with customized solutions to effectively manage cash flow for any size and type of organization. For more information, call our Treasury Solutions team at 1.866.833.0050. We look forward to working with you.
Contact First Merchants Treasury Management to discuss business fraud prevention.
