Win the fight against check fraud.
Check fraud is on the rise due to advanced technology that makes it easy for criminals to replicate your checks. You can be proactive by adding fraud prevention services to your Regent Bank accounts. We offer Positive Pay at no cost to our business clients to help protect your company from becoming a victim of check fraud. It is a great way to stop bad payments and reduce liability when dealing with fraudulent checks.
How it works
Your company inputs authorized checks. You will let us know what checks have been authorized via our Business Online Banking and include the issue date, serial number, payee name and dollar amount for each check.
We use your check file to verify the checks presented for payment on your account. Any non-matching items will be available for review each morning through the convenience of Business Online Banking. Checking your exceptions daily will give you the opportunity to pay or return any non-matching items. This process must be done by 11:00 AM (CST) to avoid any unwanted returns.
All checks presented for payment are verified, including checks cashed at our branches. Positive Pay protects your business against lost or stolen checks and prevents payments of duplicate checks. It stops criminals from cashing fraudulent checks using stolen account numbers, and altered checks where the amount or date has been changed.