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# Payments Fraud

Learn how you can help protect your business against check and ACH fraud.

Fraud attempts are common—but financial losses don’t have to be. Many businesses stay protected by using strong fraud prevention strategies. Is your organization prepared?

Check fraud Check fraud
Checks continue to be the payment method most often exposed to fraudulent activity. If your company writes checks or maintains checking accounts, we recommend you consider implementing the following services to ensure all your checking accounts have fraud prevention services in place:

- Positive Pay systematically compares checks presented for payment to your issued-check files to detect serial numbers and dollar amounts that don’t match.
- Payee Validation identifies payee names that do not match the payee name information sent on your check issue files.
- Reverse Positive Pay is an alternative to positive pay services for companies unable to transmit issued-check files to WF. You get the opportunity to review checks presented for payment and determine if they should be paid or returned.
- Payment Authorization enables you to place controls on your accounts that help to prevent fraudulent activity, specifically unauthorized checks and over the counter debits.

ACH fraud ACH fraud

If you make ACH payments, these services can help protect you:

- WF ACH Fraud Filter – The "Stop" service automatically stops all ACH debits – except those you specifically pre-authorize – from posting to your accounts. The "Review" service presents transactions to you for pay or return decisions.
- Perfect Receivables® service – If your company has a high volume of electronic receivables, reduce the risk that your account number will fall into the wrong hands. The Perfect Receivables service protects your account by providing "proxy" account numbers for your customers to use when remitting ACH and wire payments to you.

Report Fraud
Act fast and follow these important steps immediately if you think you or your company might be the victim of a fraud or attempted fraud.

Commercial Banking products and services are provided by WF Bank, N.A. and its subsidiaries and affiliates. WF Bank, N.A., a bank affiliate of WF & Company, is not liable or responsible for obligations of its affiliates. Deposits held in non-U.S. branches are not FDIC insured. Products and services require credit approval.

WF Bank, N.A. Member FDIC. Deposits held in non-U.S. branches are not FDIC insured.

RO-4935076

LRC-1025

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