Today, more than ever, it is critical that you protect the company funds from any unauthorized check or ACH electronic debits. At First Mid, we have the services to assist you in protecting your accounts. Catch fraud before it happens.
ACH Block or ACH Positive Pay
Help protect your account from unauthorized ACH electronic debit transactions by utilizing our ACH Block or ACH Positive Pay Service. Under NACHA rules, your business has only 24 hours to return a fraudulent ACH transaction.
By selecting this service you can block and automatically return all ACH electronic debit transactions from your account. This service is designed for accounts that should not have ACH activity.
ACH Positive Pay
Our ACH Positive Pay Service allows you to create, maintain and update a list of authorized ACH electronic debit transactions that are approved to post to your account. Transactions not meeting your pre-established criteria will be flagged as suspect items allowing you to log into the system and make a pay or return decision. Criteria can be set by maximum dollar amounts, and by specific debtors.
Check Positive Pay
Selecting this service can greatly reduce the risk of check fraud. Simply transmit an electronic file to First Mid containing information about the checks you have issued. In an automated check-matching process exception items not matching your list will be flagged as suspicious, thereby giving you the option to review the items.