Along with modern services, protecting business accounts against fraud is a top priority, and we offer several tools designed to reduce risk. Positive Pay compares check issue information with data captured during processing to identify potential check fraud and help ensure that only authorized checks are paid. For businesses that rely on ACH transactions, our ACH Debit Filter screens incoming activity to assist in anticipating and preventing fraud. Through FNB’s insurance broker subsidiary, we can also direct clients to cyber liability policies that cover businesses in the event of a data breach involving unauthorized access to confidential information.
Payments at Scale
Making payments in large batches comes with its share of challenges. More payments often mean more employee logins, clicks and passwords — taking time that could be better spent elsewhere. Companies often engage with technologies and firms outside of their bank to make these processes more efficient. But what if there is a simpler way?
FNB plans to roll out new capabilities that enable high volume payments to be initiated through secure files or API integrations. This flexibility empowers businesses to connect their existing systems directly to FNB so they may send and receive payments without additional logins or platforms. Large batches can be processed quickly, reflecting our commitment to meeting client needs.
Payments in Near Real Time
Financial institutions, including FNB, are increasingly offering services that leverage new payment rails to deliver nearly instant funds transfers. As the first new payment infrastructure to come to the U.S. banking system in decades, instant payments provide businesses and consumers the ability to send and receive funds in as little as 15 seconds — 24 hours per day, 365 days per year, regardless of a bank’s off hours, weekends or holiday closures.
Last year, FNB activated the ability for clients to receive instant payments — giving access to the two major instant payments networks, Real-Time Payments (RTP) and FedNow — and we will continue to expand the service’s offerings in the future.
Client-Centric Flexibility
With convenient digital services and multiple engagement channels that increase operational efficiency, FNB offers flexibility that is a key differentiator. Clients tell us they value having access to a personalized approach and knowledgeable advisor who is able to develop strategies that meet their goals. With our white-glove approach, team members strive to be long-term partners in our clients’ success. Our innovative mindset has enabled us to quickly expand our capabilities to meet the needs of both small businesses and large-scale commercial clients across a wide variety of industries and verticals. Combined with our proprietary technologies like eStore, the future is now for businesses who are ready to modernize their operations.
