PAYROLL FRAUD
How monitoring capabilities reduce your risk
Work with M&T to set up fraud reduction and risk management tools.
Preventing payroll scams
Small businesses that don’t have adequate payment monitoring could be susceptible to payroll fraud, whereby someone exploits the company’s payment process to send money where it isn’t supposed to go. Wage fraud could include internal embezzlement or result from outside cyber attacks that steal company payment credentials. Having the ability to track your small business’s payments and detect unusual account activity is the key to protecting your assets. M&T Bank can help.
More control with M&T BizPay
M&T BizPay lets you originate, approve and manage your Automated Clearing House (ACH) payments — anywhere, anytime. Get increased control over payment settlement date and cash flow.
ACH Monitor
Choose from a combination of M&T services that can help you monitor and confirm critical ACH payments and reduce the likelihood of payroll fraud. Receive notifications when a payment requiring your attention is detected.
Prevent check fraud
M&T’s Payee Positive Pay service protects your organization against the risk of check fraud. We’ll compare checks presented for payment against your check issue file and notify you of any suspicious items.
Learn how to help your business thwart off fraud. Visit your local M&T branch or schedule an appointment.
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Small Business Fraud Types
Our resources can teach you and your staff how to recognize the signs of fraud and best practices for processing credit card transactions, avoiding suspicious hyperlinks, paying invoices, and much more. Learn more about types of fraud in small businesses.
Partner with M&T Bank
M&T’s Business Banking Specialists are ready to offer you support at any stage of your business. Get to know the advantages of being an M&T Business Banking client.