In today’s digital age, businesses face increasing threats from fraud. Protecting your business accounts is paramount, and BankUnited offers a suite of Fraud Prevention Services through BankUnited Lynx™ to help you minimize exposure and safeguard your assets.
Real-Time Transaction Monitoring with ACH Alerts
Stay informed and in control of your Automated Clearing House (ACH) transactions with ACH Alerts. This service provides real-time monitoring of ACH debit and credit activities, sending immediate notifications via email or text whenever activity occurs. You gain the power to make informed pay or return decisions, effectively preventing unauthorized ACH transactions from impacting your account. Customize alert parameters, such as setting dollar limits, to precisely manage and monitor permitted ACH activity according to your business needs.
Advanced Check Fraud Protection with Positive Pay
BankUnited’s Positive Pay service offers robust protection against check fraud. It systematically cross-references checks presented for payment against your issued-check files, identifying discrepancies in serial numbers and dollar amounts. Any non-matching items are promptly flagged and reported to you through BankUnited Lynx™. This allows you to review these exceptions and decide whether to pay or return the check, preventing fraudulent payments.
For enhanced security, Payee Positive Pay adds an extra layer of verification. Going beyond serial numbers and amounts, it also identifies discrepancies in the payee name. This comprehensive approach ensures that not only are the check details correct, but the intended recipient is also verified. Exceptions are again presented via BankUnited Lynx™ for your review and decision.
Reverse Positive Pay provides an alternative solution for businesses that may not be able to transmit issued-check files. With this service, you can directly review all checks presented for payment within BankUnited Lynx™. This gives you the opportunity to scrutinize each check and determine whether it should be paid or returned, placing the control firmly in your hands.
Secure Online Access
BankUnited prioritizes the security of your online banking experience. Utilizing advanced technologies, BankUnited Lynx™ incorporates features like token authentication and dual-control security to enhance control over access to your sensitive account information and payment transaction services. These measures are designed to protect against unauthorized access and activities, providing you with peace of mind when managing your business finances online.
By leveraging BankUnited Lynx™ and its comprehensive Fraud Prevention Services, your business can proactively mitigate risks and maintain a secure financial environment.
