AUTOMATED SOLUTIONS TO PROTECT YOUR BUSINESS
Fraud Prevention
Business account fraud is on the rise. At WSFS Bank, we believe prevention is the best approach, and we have the solutions available to do just that. Our solutions offer added security and control over check and ACH transactions, giving you power and peace of mind.
Safeguard Your Business From Fraud
Let WSFS help you stay vigilant with our fraud prevention solutions.
Prevent check fraud
Our tools make it easy to compare checks written to those received for payment to ensure legitimacy.
Block unauthorized ACH transactions
Customizable controls available to proactively prevent ACH fraud.
Protect your business’ profits
WSFS advanced fraud prevention tools reduce financial losses due to fraud.
Our Fraud Prevention Solutions
WSFS offers customized services and solutions to protect your business.
Fight check fraud
Check Positive Pay
Provides an effective way to identify suspicious checks early and mitigate fraud.
- Improved control over check payments with the ability to decide whether to make immediate pay/no pay decisions on potential fraudulent items
- Increased efficiency as it is a fully automated process offered within Business Online Banking
- Lower costs with the potential to reduce fraud losses and time and labor with an automated process
Reduce the risk of ACH fraud
ACH Positive Pay
Allows you to manage ACH debits and credits posting to your business account via filters and blocks.
- Helps prevent fraudulent, unauthorized or erroneous ACH transactions
- Provides the ability to place ACH transaction blocks or filters in real-time within Business Online Banking to prevent unauthorized debits
- Considerably reduce fraud exposure and potential losses associated with electronic fraud
Payee matching Service
Payee Positive Pay
Alerts you every time a business check is presented for deposit, giving you the ability to accept or deny the check.
- All the same benefits of Positive Pay + extra protection
- Offers you more control over your checking transaction management process
- Detect and prevent fraud situations through proactive check review
Interested in learning more?
We’re here to help. Complete the form below to be contacted by a member of the WSFS Commercial team.
Reducing the risk of fraud at your organization requires a multi-layered approach, including the latest fraud prevention solutions from WSFS Bank. But they are most effective when combined with strong security protocols within your business.
Visit our Security Center for up-to-date tips and fraud prevention education.
Visit our Security Center for up-to-date tips and fraud prevention education.
