Hello friends! We are definitely in the middle of the holiday season here in 2022. And I am sure you have noticed the uptick in scam emails that are trying to make you click on links and attachments. Nothing good will come of this. And the only real way to defend against that happening is a layered approach…
There are so many “really bad” things that can happen to your bank account, your network, your data and your customer lists if you don’t have a layered approach. 2-Factor authentication is a good start. And my Public Service Announcement today is all about Positive Pay.
If you aren’t familiar with the term, Positive Pay is a fraud prevention system you can enable for your business checking account for checks and ACH transactions. There is usually a monthly fee for this service, but it’s worth it to have peace of mind that a bogus check doesn’t hit your account… or an unauthorized ACH transaction hits your account for $5,000. (By the way, if they have your routing number and account number, ACH transactions normally process unless you have something like Positive Pay in place.)
Well, I could type for another 15 or 20 minutes to explain how Positive Pay works, or ask you to watch the video that took me 90 minutes to create and upload to YouTube for you. I’m busy also, so please take the four and a half minutes to watch the video for all the juicy details! :)
Thank you for reading, and thank you in advance for your comments. Did you already know about Positive Pay? If not, are you going to look into adding it to your business accounts?