Fraud Mitigation

As financial crime becomes more sophisticated, First Midwest’s Fraud Mitigation Services¹ become even more important. Our additional controls and monitoring defend your payments while deterring check and electronic payment fraud.

Give your business additional protection with these fraud management services:

Positive Pay

This automated fraud identification tool alerts you to unauthorized or fraudulent checks that require review and authorization of payment or return. It gives you:

• Dual-control functionality for file import and exception authorization
• The ability to customize issue file layout specifications for ease of file uploads
• Single check entry to avoid unnecessary exceptions
• Alert notifications preventing exceptions from being systematically returned
• Single module housing exceptions for all Positive Pay items

ACH Positive Pay

This electronic payment fraud mitigation tool lets you establish payment rules to accept or return ACH debit transactions systematically. You are alerted to unauthorized or fraudulent ACH Debit transactions outside of your payment rules that require review and authorization for further processing. It gives you:

• Protection over ACH Debit transactions before they post to your account
• Dual control functionality when approving exceptions
• The ability to add, edit or delete payment rules
• Single module housing exceptions for all Positive Pay exception items
• Alert notifications preventing exceptions from being systematically returned

ACH Universal Debit Block

This automated fraud risk management service blocks all incoming ACH Debits from posting to your account and systematically returns the item to the originator as unauthorized.

Trusteer Rapport

We have partnered with IBM to offer Trusteer Rapport online fraud security software at no cost to you. Learn more about Trusteer Rapport

Learn more about our Fraud Mitigation Services through our video series.

Talk to one of our Treasury Management specialists about fraud risk management today.