Ability to add other modules as your business grows and your needs change
Fraud Prevention Tools
Reduce the risk of check fraud with Positive Pay from South Shore Bank. Our Positive Pay solution will allow you to submit an issued checks file to the bank. As each check is presented for payment, the Positive Pay system electronically compares it to the information in your issued check file. Discrepancies are flagged and you receive an email alert so that you can see an image of the check and decide if you want it to be paid or returned.
Not only does Positive Pay help deter check fraud, it also eases the burden associated with account reconciliation! You’ll spend less time and money reconciling your accounts and gain a streamlined approach to check storage and retrieval. Check out our video tutorial and FAQs to learn more.
Electronic Debit Block
Concerned about electronic fraud? South Shore Bank’s Electronic Debit Block will help protect your business against unauthorized ACH transactions. Electronic Debit Block allows you to block all electronic drafts or specify which companies are authorized to post debits to your accounts while automatically blocking those that are not authorized.