Help Protect Your Business From Check Fraud With Positive Pay

Many fraudsters target business bank accounts by writing unauthorized checks or through fraudulent ACH and wires. KeyBank’s Positive Pay can help you identify check theft and electronic check fraud before it’s too late.

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In 2023, the FBI reported $12.5 billion in losses due to cybercrimes.

That’s a 22% increase from 2022.

Business email compromise (BEC) attacks cost businesses $2.9 billion.

Data breaches cost businesses $574 million.

Credit card and check fraud cost businesses $174 million.

(SOURCE: FBI IC3 Report 2023)

At KeyBank, we know the threats all too well.

Regional banks suffered a 63% spike in fraud attempts on business accounts in 2023.

(SOURCE: Alloy)

But our clients are the real victims.

80% of organizations were hit by fraud attempts in 2023.

A large number recovered less than 10% of stolen funds.

(SOURCE: AFP Payments Fraud Survey Report, 2024)

Even in 2024, check payments remain a prime target for fraud.

KeyBank is fighting back.

Through intentional, modern fraud prevention strategies, we’re offering the protection of Positive Pay to help fight against check washing, mail fraud, and dark web criminals.

KeyBank’s dedication to the fight against fraud is best in class.

Our Positive Pay adoption rate is 40% better than the industry benchmark.

(SOURCE: GCI Analytics, McKinsey)

But the fight won’t stop there.

We’re not just responding to threats — we’re anticipating them.

Our vision? A day when every client operates with fraud protection.

We're not just guarding accounts — we're securing futures.

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For all applicable fees and requirments, contact your Payments Advisor or Relationship Manager.

To learn more about how Positive Pay solutions can help reduce your fraud exposure, visit key.com/payments or contact your Payments Advisor.