New Tripoli Bank offers an in-house solution to help your corporate clients prevent fraud.
The Positive Pay ACH & Check fraud solution is designed to reduce the likelihood that an unauthorized check or ACH payment will be paid against your business' deposit accounts.
Here's how it works: first, you submit electronic files to New Tripoli Bank that identify checks or ACH payments issued by your business. As items are presented for payment, we will match the incoming information against your list of issued items. The bank will electronically report to you any checks or ACH payments that do not match the list of issued items, enabling you to instruct New Tripoli Bank to return items that appear to be counterfeit, altered, or are otherwise not authorized by you.
This service is available only through our internet banking product. If you are interested in this service, please contact Sundra Sherwin at (610) 395-8834 as there are forms that must be signed.
Benefits of Positive Pay
ACH Positive Pay
Set up filters and blocks to allow you to manage and pre-authorize debits posting to your account.
Automated Emails & Alerts
Receive notifications when exception items are present.
Payee Name Match
Validates payee name on checks against company records.
Exception lists catch counterfeit, altered, or invalid items before any payment is processed.
Items that match your list are processed automatically, with no delay to payments.
Online check reconciliation assists with balancing the bank statement.
Enables you to make pay/return decisions via the web for both check and ACH exceptions.
Only one sign-on required through online banking.
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Easy Payment Processing
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The ACH Network is a highly reliable network of nationwide electronic funds that allows direct deposit of payroll, social security and government benefits.