The Shiny Penny
A statement from Community State Bank President and CEO on the recent bank closures of Silicon Valley Bank (California) and Signature Bank (New York). Read More
Protect your business from fraud with Community State Bank’s Positive Pay service. Easily detect counterfeit and fraudulent checks when you submit an electronic file detailing the checks your business issues.
When each check is presented for payment, the Positive Pay system electronically compares it to the information in your file. Any discrepancies are flagged and reported through a special email alert and reviewable through your eBusiness Banking service.
This verification method protects businesses against some of the most common check fraud schemes, intercepting a fraudulently written check before it impacts your account.