SBA PPP Loan Options for New and Returning Borrowers
Concerned about fraud? According to 2013 AFP Payments & Fraud Control study, 61% of companies experienced attempted or actual payments fraud. The typical loss due to payment fraud was $20,300. Union Bank & Trust is committed to offering convenient management solutions to our customers. We offer services to ensure that your account is protected against unauthorized presentments.
For Checks – Our positive Pay service will match each item presented for payment against a list of items with date, amount and check number provided by you. You will receive notification of items that do not match any of the criteria so you can make an informed pay-no pay decision.
For electronic presentments – ACH ALERT triggers a notification when an ACH debit is received for payment against your account enabling you to detect fraudulent entries immediately and return them instantly. You can also populate an “approved list” for authorized vendors so future debits do not trigger a notification.
To learn more, contact us today.
Financial Relief is Still Available
Protect Yourself and your Business
With our fraud protection program you can keep your business running without the risk of running into security potholes.
- We offer live transaction monitoring
- Monthly expense reports
- Spend Limit Verification Requirements
- And Much More.
Fraud Prevention by The Numbers
“The Federal Trade Commission (FTC) estimates that as many as 9 million Americans have had their identities stolen each year.”
“It is reported that from the 2018 ACFE’s Report To The Nations that the private companies and small business rank highest in occupational fraud frequency at 42% compared to large corporations, government and non-profits.”
“Organizations lose 5 percent of their revenue to fraud each year, according to a new report from the Association of Certified Fraud Examiners.”
Don’t let you or your business get taken advantage of, fill out the contact form today and protect your assets.