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.

In 2023, the FBI reported $12.5 billion in losses due to cyber crimes

That’s a 22% increase from 2022

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

Data breaches cost businesses $574 million

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

Most recover 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 fight against check washing, mail fraud, dark web criminals

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

KeyBank

For all applicable fees and requirements, 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.