In today’s digital economy, fraud is becoming more frequent and sophisticated—especially for businesses.
Pete Zeiser, a commercial banker at Midwest BankCentre, shares how the bank proactively helps clients stay protected from common threats like check fraud and wire fraud. With the right tools, procedures, and education, your business can significantly reduce risk and stay one step ahead of cybercriminals.
Key Takeaways:
Combat Check Fraud with Positive Pay
This fraud prevention tool matches the checks your business issues with those presented to the bank—flagging any discrepancies before they clear.
Prevent Wire Fraud with Secure Protocols
Setting up a wire agreement provides an extra layer of verification, including:
- A personal PIN for added identity protection
- A clearly outlined wire procedure to ensure all transactions are legitimate
Stay Vigilant with Customer & Vendor Verifications
Many fraud attempts originate from outside your organization. Always:
- Confirm any changes in payment instructions directly with vendors or clients
- Use callback verification methods to confirm sensitive requests
Ongoing Education & Support
Midwest BankCentre provides fraud prevention education and resources to keep your business informed, alert, and prepared.
When in Doubt, Reach Out
If you notice any suspicious activity or need help validating a transaction, contact your banker, stop by a branch, or visit us online.