Check fraud is surging—and your business could be at risk.
According to the Financial Crimes Enforcement Network (FinCEN), reports of check fraud skyrocketed nationwide in 2023, and South Dakota businesses aren’t immune. While digital fraud often makes headlines, paper checks remain a prime target for criminals using tactics like counterfeit checks, altered payees, and stolen mail.
The good news? You can protect your business with proactive measures like Check Positive Pay, a powerful fraud prevention tool offered by American Bank & Trust.
Why Check Fraud Is Increasing
Paper checks may seem old-school, but they’re still widely used—especially in business transactions. Unfortunately, that makes them a prime target for fraudsters. Common tactics include:
- Counterfeit checks
- Altered payee or amount
- Stolen checks from the mail
Once a fraudulent check clears, recovering lost funds can be difficult and time-consuming.
How AB&T Helps You Stay Protected
We offer Check Positive Pay, a powerful fraud mitigation tool designed to catch suspicious checks before they’re paid.
Here’s how it works:
- You submit a daily check register to AB&T
- We verify each check presented for payment against your register
- If something doesn’t match, we flag it for review before it clears
This early detection system helps protect your business from altered, counterfeit, or unauthorized checks—giving you peace of mind and control over your payments.
Why It Matters
Check Positive Pay isn’t just a feature—it’s a safeguard. With fraud on the rise, proactive protection is more important than ever. Whether you’re a small business or a large operation, this service helps you:
- Reduce risk
- Save time
- Avoid costly losses
