optimizing your business with artificial intelligence


Fraud protection in 2020

  • 85% protect their business from check fraud with positive pay
  • 61% protect their busines from fraud with multi-factor authentication

Assurance and control over fraud

Digital banking solutions have become even more critical to your business’s day-to-day financial management. These solutions provide the freedom to experience faster service and access to your business’s accounts wherever and whenever you want. As you bank with these conveniences, it’s important that your business’s financial information is properly protected to ensure secure transactions and prevent fraud.

The statistics above display the potential risks of fraud for business utilizing data collected in the AFP® 2021 Payments Fraud and Control Survey.

Sharing Knowledge, Building Trust

In recent episodes of our Sharing Knowledge Series, we explored the topics of cybersecurity as well as cyber insurance, with customers and industry experts, to learn about their respective roles in protecting businesses from cyber-attacks. 

Cybersecurity

Cyber insurance


Our featured industry experts for further support on these topics, include: 

Jarrod Long, CTP, senior vice president and treasury management leader, as well as certified fraud expert, Westfield Bank

Cyber security:
Ken Fanger, president, On Technology Partners
Fred Franks, chief strategy officer, FIT Technologies

Cyber insurance:
Lacy Rex, vice president, cyber strategic leader, Oswald

Our parent company, Westfield Insurance

 


 

Move from vulnerable to protected with Secure.

Established to provide a comprehensive suite for additional security on transactions, Secure protects your business and puts you in control over fraud. 
 

Positive Pay services

As an added security measure to reduce check fraud for business banking customers, our Positive Pay Services automatically match your transaction information with transactions presented for payment against your account to identify and report fraudulent and unauthorized payments for both checks and ACH.

Check Positive Pay matches each check’s information presented against a list of checks previously authorized and issued by your company. 

ACH Positive Pay compares identifying information within an ACH debit transaction attempting to clear your account against a list of ACH debits previously authorized and issued by your company.


Account reconciliation

Detecting errors, discrepancies, or fraud, account reconciliation compares your business’s financial records against statements from your bank accounts to ensure they match. 


Multi-factor authentication

Multi-factor authentication adds a second layer of security, protecting your banking information by requiring additional verification to log in to your online or mobile banking account. When logging into your account, you’ll be prompted with a text or call directly to your phone and provided with a unique security code for your session. 
 

The fraud experts on our Treasury Management team are ready to activate Secure for your business.

Safeguarding your business’s financial information is no easy task, especially in this digital age. Having the right partner with solutions to help advance your business’s fraud prevention efforts provides you peace of mind. Contact us for assistance in selecting the proper Secure portfolio for your business as well as direction on cyber insurance providers, including our parent company, Westfield Insurance, to help you proactively protect your business on all fronts.

Chris Anzevino
Chris Anzevino
Commercial Banking Development Officer
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Tiffany Cherry
Tiffany Cherry
Treasury Management Specialist Seville
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Kari Deeks
Kari Deeks
Treasury Management Sales Specialist
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Nanci Dodgson
Nanci Dodgson
VP, Treasury Management Officer Akron / Cuyahoga Falls
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Maurissa Howard
Maurissa Howard
Treasury Management Operations Team Lead
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Jarrod Long
Jarrod Long
SVP, Treasury Management Leader Brecksville / Canton / Medina / Wooster
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Jason Niec
Jason Niec
Commercial Banking Development Officer Brecksville
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Jennifer Wigal
Jennifer Wigal
Treasury Management Sales Specialist Agency / Wooster / Mansfield
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