Your business account will be protected by Positive Pay, an anti-fraud check solution that can be added to help you track and confirm payment of all issued checks.
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Document checks - Use your online banking account to enter information of recently issued checks (account number, check number and check amount).
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Cross-reference checks - Bank of Luxemburg validates all presented checks against entered issued items.
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Detect fraud - Any checks presented for payment that does not match issued items is reported in online banking.
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Evaluate activity - Review and notate final payment decisions on all reported items in online banking.
