Fraud Prevention

• How can I protect my business against fraud?

  Every year thousands of people are scammed through phone calls and emails. At Popular, we know just how important your business is to you and that is why we offer tools and advice so you can protect your business against fraud. Go to our Security Center to find out how to do it.

• Which services can I use to protect my business account against fraud?
  Popular offers tools to help you keep your business protected against fraud.

  • Check fraud:
  • With Positive Pay you protect your account by keeping daily control of which checks are paid.
  • With Reverse Positive Pay the banking institution presents a list of checks that are drawn on your account so you can authorize them.

  • Electronic transactions:
  • Using Electronic Payment Authorization (EPA) you protect your business account against any fraudulent or unauthorized ACH electronic debit transactions.
• What does Positive Pay do?

  Positive Pay is a service that provides a solution to avoid check fraud. Every day, Banco Popular will compare checks issued by the client against payable checks that were received by the Bank. The Bank will not pay any check that is not on the list of issued checks, unless authorized by the client. This service helps prevent instances of check fraud and allows you to have a daily control of which checks are paid.