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.
Document checks - Use your online banking account to enter information of recently issued checks (account number, check number and check amount).
Cross-reference checks - Bank of Luxemburg validates all presented checks against entered issued items.
Detect fraud - Any checks presented for payment that does not match issued items is reported in online banking.
Evaluate activity - Review and notate final payment decisions on all reported items in online banking.