The failures of Silicon Valley Bank and Signature Bank have sent ripples across the industry and country. But have no fear: Your money is safe at Gateway Bank in Mesa, AZ.
3 ways to prevent check fraud with Positive Pay
While fraud is often associated with stolen identities, credit card numbers, and passwords, one of the most common forms is actually check fraud. According to the American Bankers Association, check fraud makes up almost half of all fraud. The FTC says reports of fake checks have grown 65% from 2015-2020.
The good news is there is a solution for businesses: Positive Pay. Now available for all Gateway Bank Cash Management customers, this automated check matching service helps minimize losses due to fraudulent checks.
Prevent check fraud with Positive Pay: now available for all Cash Management customers
Gateway Bank is happy to announce the latest version of Positive Pay is now available for all Cash Management customers. This automated check matching service helps minimize losses due to fraudulent checks. Learn more about how Positive Pay works, and contact our team to activate it for your account.
How to spot fraud and protect your information
Financial fraud is on the rise, and protecting your information is more important than ever. When we’re stressed, scared, or vulnerable, it’s easier for scammers to take advantage. They know this, and they’re making their attempts more sophisticated than before.
We’ve noticed an uptick in fraud reports and questions lately, so we’re sharing a few tips to educate and empower you to protect yourself. Here are some common scams to watch out for, and what to do if you experience them.