Lynda ArtesaniLegal Accountant and Data Migration Specialist at The Proper Trust

Bank Fraud - Simple Precautions to Protect Yourself #PositivePay #bankfrauds #youtubeshorts

29 Jul 2025 · 1 min

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In this short YouTube Shorts dialogue, two speakers discuss the growing threat of bank fraud and emphasize practical steps individuals and businesses can take to protect themselves. Speaker A highlights the role of Positive Pay—a service that verifies that check numbers and amounts entered by the payer match the bank’s records—stating that mismatches automatically reject the transaction. They also note the importance of handling voided checks correctly so the check sequence remains intact. Speaker B adds that the sheer volume and accelerating speed of scams make it difficult to discern legitimate activity from fraud, underscoring the need for vigilant verification processes.

Chapters

It can happen to anyone. The other thing too, I should have mentioned this. So, you know, we see this happen, positive pay. Also, if the check number and the amounts, if it's entered wrong, it kicks it out. So you need to make sure like whoever's doing the work, everything lines up or you have a voided check. You, some want to know what those voids are so the check sequence doesn't skip. But to your point, this extra layer and all this fraud that is occurring, It's just, it's, you can't, I cannot believe what is happening. I mean, the scams that go on, um, at this level and this rate of speed has increased.
This rate of speed, and there's so many of them that pop up all the time that it can become very daunting to know what's real and what isn't.