TowneBank will be closed on Monday, January 20, in observance of Martin Luther King, Jr. Day. We look forward to serving you when we re-open on Tuesday, January 21.

View our Holiday Schedule for more closing information.

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ACH & Check Fraud Control

Protect your business from financial loss through our payments fraud services: ACH Fraud Control and Check Fraud Protection. If your company makes ACH payments or use checks, we recommend you place the following services on all of your checking accounts.

A member of our Treasury Services team would be happy to provide you with the details for each service and how it can protect your business. 

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Check Fraud Control

Protect your company from fraud by monitoring against suspicious check activity through Positive Pay services. Positive Pay identifies fraudulent items before a payment is issued to help you to reduce the risk of financial loss and minimize disruption to your business. 

Here's how it works: 

  • Each time you issue checks, you send an electronic file to TowneBank. The file contains individual check serial numbers and amounts
  • TowneBank builds a register from the file you send and compares it to every check presented for payment against the file
  • If any check’s serial number and amount do not match the file you sent, the check is presented as a possible fraudulent item through Business Online Banking for you to make a pay or return decision

Check Fraud Control Benefits

  • Detect suspicious check activity
  • Expedite identification of fraudulent activity
  • Quickly flag items and easily determine whether to make the payment or return the check

ACH Fraud Control

Implement ACH Block or ACH Control to protect your company from un-authorized ACH debits from posting to your account or to reject unauthorized debit transactions from occurring. 

  • ACH Block - returns all ACH debits attempting to post to an ACH blocked account. The rejection is automatic, reducing clerical time and saving money. 
  • ACH Control - reject unauthorized ACH debit transactions based upon your list of designated originators using ACH controls. This is useful for accounts that require taxes, payroll, or other pre-authorized debits.