Blog

We take financial safety of our clients very seriously. We are committed to providing you up-to-date information and resources to help you protect and manage your business finances.

Common Types of Business (Corporate) Fraud

9 Things Your Business Can Do to Avoid Fraud

1. Keep all software and business technology up to date.
2. Enable dual approval abilities and two-factor authentication where possible.
3. Train your employees on how to identify fraud and what to do if they suspect fraud has occurred.
4. Confirm any email request asking to change vendor or payee information via phone call to a phone number previously on file.
5. Check your bank account activity daily.
6. Turn on account alerts in Business Online Banking.
7. Stop and think about whether the website, email address or piece of mail could be fake. If it doesn’t feel right, trust your instincts!
8. Do not give out personal information via phone, email, or text. Reputable companies will never ask you for it.
9. Keep your contact information up to date so Park Bank can reach you if we suspect fraud.

How Park Bank is Protecting You

Fighting Fraud Payment

• Our Positive Pay service looks to match up details for payments presented for payment with the details provided when the payment was issued
• You have the control to pay or reject reviewed payments that don’t match your records
• You can import files for issued payments from accounting software or spreadsheets

Account Alerts

• Security alerts let you know if someone changes your information or is trying to access your Business Online Banking
• Set up notifications to know when deposits, checks, withdrawals, or transfers post to your account

Safeguarding Your Information

• Complete privacy controlled through identification codes and passwords
• You control employee access to specific accounts and assign levels of authority
• 256-bit secure sockets layer (SSL) encryption protects information online

Debit Card Monitoring

• We monitor card transactions for suspicious events
• If something looks out of the ordinary, an automated service will contact you via text or phone call