Business Banking Security Resources
Please contact our Cash Management Team for more information about any of these security features available from Midwest BankCentre.
Please Note: Midwest BankCentre recommends that all commercial online banking customers perform a related risk assessment and controls evaluation periodically.
ACH Block and Filter Service - ACH Block and Filter seeks to eliminate the potential for the posting of unauthorized electronic transactions. As a user of ACH Block and Filter, you can block any of the following types of transactions: Internet (WEB), consumer-to-business (PPD), business-to-business (CCD) and telephone (TEL). Following the decision to block one or more of the transaction types, your account automatically rejects all transactions of the selected type; thus protecting you from losses due to fraud. If you provide the Bank with a list of approved ACH debit or credit transactions, we can block any unauthorized transactions to your account by utilizing our ACH filter.
Positive Pay - This service lets you control which checks are paid from your business checking account. Used to reduce fraud, this risk-reduction strategy effectively blocks all checks from being paid on your account without your prior approval. To streamline your approval process, Internet Banking is required, as you’ll simply indicate which checks are approved for payment.
IP Restrict - When connected to the internet your computer has a clearly identifiable, numeric address, or IP address, consisting of four sequences of digits that are separated by periods. When you provide us with your computer’s unique address, this new fraud protection feature will only allow access from computers you designate as authorized users.
Iron Key - IronKey Trusted Access™ is a portable USB security device that
safeguards your online banking activity by encrypting data which helps
prevent your sensitive information from being stolen. Allowing you to cost-effectively mobilize your computing
environments while protecting your critical data, networks, and
Time Restrict - This is a security feature for online banking users and its purpose is to block user logins outside of specified hours of the day.
Alert Messages - Through our Online Banking you can set up approximately 20 different types of alerts including account balance limits, electronic deposit notification, etc. This will give you up to the minute notification of transactions being processed on your account.
CAUTION: The security procedures discussed above may not protect your information or funds if your computer is not kept secure. Someone who gets unauthorized access to your computer can circumvent these security procedures. The bank will not be responsible for your losses if you do not secure your computer. You should note the following:
Do not leave your computer unattended. Lock it or turn it off when you are not at the keyboard if anyone else has access to the computer.
- Do not use public WiFi systems or other unsecured communications systems for internet transactions.
- Use a dedicated computer for online banking and other computers for e-mail and other online activities.
- Use high-quality security programs to prevent unauthorized access to your computer and keep the programs updated.
- Do not ever disclose passwords or give any unauthorized person access to security devices or your computer.
- Secure your computer to your desk with a theft proof locking system.
- Get professional advice about securing access to your computer.
We welcome the opportunity to develop a customized financing package that helps your business achieve its potential. Please contact us today.