Control and manage your finances and monthly bills with a click of a mouse. Just sign in to Online Banking to access the Online Bill Pay feature anywhere, anytime—24 hours a day 7 days a week. If you are not currently an online customer, contact a Rio Bank to enroll in Online Business Banking.
Positive Pay is a powerful fraud prevention tool used by business customers to protect against check fraud. Rio Bank’s Positive Pay Service helps your business detect suspicious transactions, reducing the risk of financial loss and safeguarding the reputation of your business.
Catch fraudulent activity before the money leaves your account
Automatically compares checks presented for payment to those in your check issued file
Sends alerts when a mismatch occurs
You decide whether or not to approve the payment
Timely return of money should fraud occur
Enjoy increased peace of mind knowing your information is receiving increased security
How does Positive Pay work?
Your business uploads a file containing issued check data into the Positive Pay system. Checks presented for payment against your account are compared to those issued by the business. Any check not on the issued check list (and potentially fraudulent) is sent to you as an exception for examination. The business logs in to the Positive Pay system, reviews the exception item and makes a "pay" or "return" decision for each item.
Can multiple users access Positive Pay?
Yes, Rio Bank will designate administrator users for the Positive Pay service.