Arkansas City Municipality Calls Positive Pay a “Critical Safeguard” for Public Funds
Arkansas City, KS — Protecting public funds is a responsibility that requires vigilance, especially as fraud schemes continue to evolve. For the City of Arkansas City, Positive Pay from RCB Bank has become an important tool in helping safeguard municipal finances.
According to Jennifer C. Waggoner, Finance Director/Treasurer for the City, Positive Pay has helped provide an added layer of confidence and security in managing payment activity.
“Positive Pay is more than a treasury management tool. It is a critical safeguard,” said Waggoner.
After experiencing multiple check fraud attempts involving altered checks, the City implemented Positive Pay to help monitor payment activity and identify discrepancies before funds were released. The service helped alert staff to suspicious transactions, allowing the City to review and address potential fraud before losses occurred.
“Positive Pay has given us greater peace of mind by reducing the risk of check fraud,” Waggoner said.
Positive Pay is a fraud prevention solution offered by RCB Bank that helps businesses and organizations combat check and ACH fraud. The system compares presented checks against information provided by the company. If discrepancies are detected, the company is notified and can approve or deny the transaction before payment is processed.
Fraud threats continue to evolve, and organizations need tools that help them stay ahead of those risks. Positive Pay provides businesses with added control, visibility and peace of mind when it comes to protecting their accounts.
In addition to fraud protection, Positive Pay also helps businesses and organizations gain greater control over payment activity, improve operational efficiency and reduce the time and expense associated with fraud incidents.
To learn more about Positive Pay and treasury management services available through RCB Bank, visit RCBbank.bank/PosPay.
RCB Bank is a community bank with locations across Kansas and Oklahoma. Founded in 1936, RCB Bank is committed to serving its communities with conservative banking practices and progressive banking products. Learn more at RCBbank.bank or give us a call at 855.BANK.RCB. Member FDIC, Equal Housing Lender, NMLS #798151
