Businesses are being targeted by fraudsters who are going back to the basics. One technique is to intercept checks and ‘wash’ them by replacing the payee and dollar amount. Pillar Bank’s Treasury Management Director, Lisa Lyon, discusses the rise in check fraud which started during the pandemic and shares valuable tips on safeguarding your business from this threat. Discover essential measures like monitoring your account daily, setting notifications, and utilizing tools like Positive Pay to protect your business finances.
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