Positive Pay

Automatic detection of fraudulent checks before they are processed against your account. In-clearing checks are cross-matched against your check issued file and exceptions are presented for your review.  

• Check Positive Pay: Each check is verified by matching it against the dollar amount, serial number, and issue status on file. Checks that don’t match are reported as exceptions. On a daily basis, you determine if those exceptions should be paid or returned.
• Payee Match Positive Pay: Each check is verified by matching it against the payee’s name. Checks that don’t match are reported as exceptions. On a daily basis, you determine if those exceptions should be paid or returned.
• ACH¹ Positive Pay is a fraud prevention service that enables your business to monitor and control your ACH activities. It helps to prevent unauthorized and potentially fraudulent electronic debit/credit transactions from posting to your account with filters and blocks.

In addition to HTTPS, TLS encryption, and many other best practice security measures, we offer account alerts and notifications. 

Debit & Credit Card Alerts²

Keep your accounts secure with F&M Bank Credit Card & Debit Card Alerts² and get notified via text,² phone, or email when international purchases, card-not-present purchases, and other transactions occur.