Cornerstone Bank provides “Positive Pay” tool to help protect businesses against fraud

Cornerstone Bank now offers the “Positive Pay” tool for its commercial banking customers. Positive Pay is a leading fraud-prevention solution that helps businesses guard against the ever-growing threat of altered, forged or counterfeit checks and ACH payments.  

“We are committed to helping our customers protect their businesses from fraud,” said Daniel D’Amico, AVP, commercial banking officer. “Scammers regularly develop new ways to defraud businesses. The Positive Pay system puts more control into the hands of business owners.”

Positive Pay allows enrolled businesses to monitor and manage check and electronic items from their enrolled accounts that are presented to the bank, adding an extra layer of security. Additional features include account and check reconciliation, multiple user access and comprehensive reports.

“This multi-faceted service is designed to ensure the well-being of our customers’ businesses while providing a user-friendly, manageable and personalized experience,” said Robert Mangan, AVP, commercial banking officer.

Commercial banking customers who want to enroll in Positive Pay at Cornerstone Bank can call the Commercial Services team at 800-939-9103. Once enrolled, the system can be accessed directly through iBanking.