BankerCollege

Positive pay has been around a long time and is a widely known service used by financial institutions to detect fraud. Positive Pay is a fraud prevention system used by banks to protect their commercial clients from unauthorized transactions, specifically check fraud. The system works by comparing the checks presented for payment against a list of issued checks that the client provides to the bank.

By thoroughly understanding the Positive Pay process, bankers can better assist clients in providing accurate check information and swiftly handling exceptions, thereby minimizing the risk of unauthorized transactions. Furthermore, well-trained bankers can educate clients on the importance and benefits of Positive Pay, helping to build trust and strengthen client relationships. As financial institutions face increasing threats from fraudsters, the ability to offer and manage robust security measures like Positive Pay is essential for maintaining a bank's reputation and ensuring the financial well-being of its clients.

This payments fraud webinar will take attendees through how this product is used to prevent fraud and how to effectively implement and sell this product as part of your treasury program. It will address the critical questions bankers have most including:

• What are the benefits of positive pay in fighting fraud? 
• How does positive pay work? 
• What are roadblocks for clients to sign up for this service? 

Topics include:

• Flow of Positive Pay
• Approval
• Return or Post Decisions
• Best business practices for implementing and selling positive pay  

Who Should Attend?

• Account Officers/Relationship Managers
• Treasury Sales and Operations
• Payments Professionals
• Client Facing Teams
• Deposit Operations/Electronic Banking
• BSA and Fraud
• Compliance Officers
• Internal Audit
• Information Security/Technology
• Senior Management