Fraud is on the rise, and small businesses and municipalities are among the most frequent targets. According to the Federal Trade Commission, 57% of business owners have experienced some form of financial fraud.
With Positive Pay, you gain greater control and visibility over your payments. Suspicious transactions are caught early, reducing the risk of loss and disruption. It’s a simple, effective way to strengthen your defenses, protect your cash flow, and keep your business running smoothly.
Positive Pay helps protect your accounts from unauthorized check and ACH activity by matching the payments you issue with those presented for payment. If something doesn’t match, it’s flagged before any money leaves your account — helping you stay one step ahead of fraud. This will mitigate the inconvenience, reputation risk, late fees and bounced checks that can happen from an incident.
Positive Pay is recognized as a highly effective tool for preventing fraud. The Independent Community Bankers Association reports:
- 94% of treasury professionals consider Positive Pay effective
- Only 35% of businesses currently use the service
- Nearly 100% adopt it after experiencing fraud
Because caring is at the heart of everything we do, MVSB encourages every business to consider implementing Positive Pay before a fraud event occurs.
Why MVSB Positive Pay?
- Personalized, full-service setup – Our dedicated team will walk you through setup, testing, and your first run for a smooth start.
- Approve items anytime, anywhere – Review and approve from your phone, computer, or any device with ease.
- Seamless experience – Positive Pay is fully integrated into MVSB Online Banking—no extra app or login needed.
- Keep your workflow moving – Assign alternate approvers so business continues smoothly when you’re in meetings, on vacation, or away.
- Flexible entry options – Upload all transactions at once or add items individually—whatever fits your process best.
- Enhanced ACH protection – Add approved vendors and amounts, and we’ll flag any mismatches for your review.
- Straightforward pricing – One simple monthly fee covers all your accounts, with unlimited check and ACH transactions.
Contact our Business Team to learn more.
