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REAL-WORLD BANKING TOOLS TO DETECT, PREVENT, AND STOP SCAMMERS
HOW TREASURY MANAGEMENT PROTECTS YOUR BUSINESS FROM FRAUD
Fraud can strike at any time—but with the right banking tools, you can stop scammers before they get to your money. Profinium’s Treasury Management solutions offer powerful, real-world safeguards like Positive Pay, ACH controls, dual control, and real-time alerts. See how these tools have helped local businesses avoid major losses and how they can work for you.
You work hard to grow your business—don’t let scammers take a piece of it. Financial fraud is constantly evolving, but so are the tools that help protect your money.
Profinium’s Treasury Management solutions are designed with security in mind. Here’s how these tools work in the real world to stop fraud before it starts.
Case Study 1: Preventing Check Fraud with Positive Pay
A local business issued several vendor checks after payroll—but one check was intercepted, altered, and cashed for thousands more than intended.
How Treasury helped: With Positive Pay in place, the altered check was flagged as a mismatch and immediately rejected. The company avoided a major financial loss and didn’t have to deal with a drawn-out dispute.
Case Study 2: Stopping an ACH Scam in Its Tracks
An employee at a small construction company received a phishing email requesting a change to a vendor’s banking details. They updated the vendor account without verifying the request, sending a large payment to a fraudster.
How Treasury helped: Thanks to dual controls, a second manager was required to approve the ACH payment. Recognizing the suspicious update, they paused the payment and contacted the vendor—confirming the scam before any money was lost.
Case Study 3: Rapid Response to Suspicious Wires
A manufacturing company noticed a wire transfer they didn’t authorize. They logged into their Treasury portal and flagged it immediately.
How Treasury helped: Because they monitored their accounts daily and had alerts enabled, they were able to contact the bank within hours. The wire was recalled, and the fraud attempt was thwarted.
How You Can Stay a Step Ahead
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Positive Pay: Matches issued payments with actual transactions
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ACH Controls: Filter or block unauthorized ACH activity
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Dual Control: Requires two people for high-risk actions
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User Permissions: Limit who can access what
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Real-Time Alerts: Get notified of unusual activity immediately
Final Thought
Fraudsters are getting more sophisticated—but so is your ability to stop them. With the right Treasury Management tools, you don’t just respond to fraud—you prevent it.
Products and services may require enrollment, other terms and conditions and fees may also apply.
This blog is for informational purposes only and not financial advice. Consult a qualified financial professional before making any financial decisions.
