ACH block/filter services
With the steady increase of ACH activity, the risk of unauthorized ACH transactions to corporate accounts has also increased. UMB’s ACH block/filter service helps ensure that only authorized electronic transactions will post to your account.
Positive pay is a fraud detection service that reviews check transactions to help ensure authenticity and accuracy. This feature helps identify check information that doesn’t match the issue information, marking those payments as exception to be reviewed and authorized.
UMB Integrated Payables can help you signiﬁcantly reduce the risk of payment fraud that results from account takeover, account validation, business email compromise and other schemes.
Paper debit block
Paper debit block is a simple fraud prevention tool that prohibits the posting of debits to your account. Blocking debit transactions on a depository account helps reduce fraud and minimize risk by only allowing deposits and credits to post to your account.
Masked account numbers
Universal Payment Identification Codes (UPICs) are unique account identifiers that look and act like a real account number on ACH payment transactions. These codes mask your business bank account numbers on invoices or websites, which can reduce your fraud risk.
Electronic payments protection
To ensure your transaction processing is as secure as possible and to protect your organization against fraud, UMB requires its customers to implement risk mitigation strategies of dual control and enhanced login security through use of a security token.