Fraud Mitigation Services

Fifth Third Positive Pay Services can help you gain control over account access and protection against various types of fraud, like paper check and Automated Clearing House (ACH) fraud. For checks, our technologically advanced methods will compare check-paid items against issue information to identify discrepancies and ensure that only the checks you issue are paid. Our ACH Positive Pay authorization services provide you with the ability to determine who has access to your account and to what dollar limit they may post transactions against your funds. You can also choose the positive pay option that suits your needs:

• Payee Name Verification—Helps you mitigate risk because we know exactly what your check information and the payee information should look like
• Reverse Positive Pay (Client-Maintained Positive Pay)—Lets you maintain your own list of issued checks and maintain control over check returns
• Teller-maintained Positive Pay—Authorizes tellers at branches to turn away depositors based on verification information you provide

Minimize your risk of fraud while getting fast, accurate information compiled by our efficient computerized services. In conjunction with Fifth Third Bank’s Cash Concentration services, you’ll have:

• Help mitigating idle funds at outlying bank branches
• Increased availability of working capital liquidity
• Improved cash flow information and control
• Additional capacity from systematically sweeping balances to a master account

With Fifth Third Direct^® you can manage all of your accounts, organize cash, payables, and receivables, and produce reports—all from a single location. You’ll have access to up-to-the-minute information that will allow you to:

• Access an integrated payments platform—Manage, monitor, and report on payments, as well as initiate ACH transactions, wire transfers, account transfers, and more
• Manage receivables quickly and easily—Access same-day images of check deposits and lockbox items, and view detailed information on returned deposit items
• Control exceptions to help reduce fraud—Decide on positive pay exception items, view information on returned deposits, and originate stop payments
• Manage working capital—View opening, closing, and interim balances; determine your cash position; and make decisions on investments and transfers

Validate bank account information before sending ACH, Wire, and Real-Time Payments (RTP)—helping to increase efficiency and reduce financial loss.

• Mitigate fraud by verifying bank account and ownership information before sending payments
• Streamline operations by receiving fewer administrative returns
• Access to two types of validation—account status and account ownership
• Comply with Nacha’s WEB Debit Account Validation Rule by validating account status of consumer accounts prior to debiting

Our commitment to advances in technology means you can count on us to help protect your financial data. We continue to improve and transform our platform to respond to today’s challenges—and ensure that you have the tools you need mitigate risks.