With M&T's ACH Fraud Review services, ACH payments from vendors or other organizations are compared against your firm's pre-authorized ACH payment file to verify organization ID and the authorized dollar amounts. Any debit or credit payment that does not match your pre-authorized payment file is rejected from your account.
There are two levels of protection:
ACH Fraud Review Level I - ACH Fraud Review Level I allows you to block all ACH debits or credits with the exception of internal M&T generated debits (e.g., check book orders, loan payments, fees and other M&T Bank entitlements) and payments originated through M&T by you or any third party authorized to act on your behalf.
ACH Fraud Review and Approval - Offered through the electronic ACH Monitor service, ACH Fraud Review and Approval allows your organization to pre-authorize certain third parties to debit or credit your accounts while returning other potentially fraudulent ACH payments. You receive an email notification when a payment is unauthorized and you can then review the payment and decide to pay it or return it to the originator.
To find out more, please send us an email, call 1-800-724-2240 to speak to one of our experienced Commercial Service Team Representatives, or contact your M&T Relationship Manager.