CBB Bank - Commonwealth Business Bank’s Post

Safeguarding your organization’s financial assets is paramount. Electronic Funds Transfer (EFT) and Automated Clearing House (ACH) fraud pose significant risks, but with the right strategies, you can fortify your defenses. Follow these practical steps to prevent EFT/ACH fraud. 💻 🔒 https://bit.ly/3WlbVfN

Is your organisation protected against bank account and mandate fraud? 👀 We've put together "The Ultimate Checklist" to ensure you're fully covered. From defining clear corporate policies to leveraging technology for mandate management, this guide will help you stay ahead of risks. Key best practices include: ✅ Defining corporate policies to prevent conflicts of interest ✅ Restricting signatory powers with limits and double-signature requirements ✅ Regular audits and reconciliations to catch discrepancies early ✅ Validating new supplier accounts and conducting on-demand verification before payments ✅ Ensure your financial operations are secure ✅ Leverage technology to enhance security and transparency Download the checklist now and feel free to add your tips and best practices in the comments 👇 #FraudPrevention #MandateFraud #RiskManagement

Navigating the business world is hard enough, so why stress over potential check and ACH fraud? Positive Pay by FNBW is an easy way to secure your accounts, protecting the funds and integrity of your business. Learn more about Positive Pay Here: https://lnkd.in/gke7sUat

Just read an insightful article by Andy Medcini in The Business Journals discussing the shift away from paper checks by big brands like Target Corporation. While it may seem like a small change, it can have a significant impact on small businesses. Using paper checks exposes critical business information to potential fraud risks. By partnering with a Business Banking Partner, small businesses can implement proven money management strategies and secure their transactions. Entrusting experts with your financial security can provide peace of mind and safeguard your business from potential threats. Let us handle the heavy lifting in fraud protection while you focus on growing your business. #BusinessBanking #FraudProtection #SmallBusinessSecurity

Detecting Fraud and Unauthorized Transactions is one of the most crucial aspects of bank reconciliation. This process plays a vital role in safeguarding your financial assets and maintaining the integrity of your financial records.   By making bank reconciliation a regular practice, you create a robust defense mechanism against fraud and unauthorized transactions, ensuring the safety and accuracy of your financial records.  

With payments fraud continuously evolving, it’s more important than ever to protect your business. Read our guide to find out how you can mitigate this threat: https://lnkd.in/dt8XgJBv.

Understanding and Preventing Commercial Check Fraud: Essential Tips for Business Owners In today's rapidly evolving financial landscape, digital payment methods are gaining traction. Yet, traditional check payments continue to dominate many business transactions. While checks offer a familiar and straightforward means of payment, they also present significant security risks. Check fraud, a common type of financial fraud, can lead to substantial financial losses and damage a business's reputation. As a responsible business owner, it is crucial to understand the risks associated with check fraud and implement effective measures to protect your company. Read the full article here: https://lnkd.in/gyEWVErC Member FDIC

With payments fraud continuously evolving, it’s more important than ever to protect your business. Read our guide to find out how you can mitigate this threat: https://lnkd.in/gSNtH2Ex.

With payments fraud continuously evolving, it’s more important than ever to protect your business. Read our guide to find out how you can mitigate this threat: https://lnkd.in/g8-qpyiu.

🔎 Reduce Fraud & Debt with Risk Verify Database Gain access to essential risk data to safeguard your business from potential losses. Let MicroBilt be your shield. 📉🛡️ #FraudPrevention #RiskManagement #MicroBilt https://hubs.ly/Q02RfS4c0