Many of you attended CLCCA's quarterly meeting and heard George Sydlowski's experience and insight regarding the importance of positive pay and ACH. Last year we circulated the loss control broadcast email below on this topic and thought it is a good time to revisit this topic. As always, thank you for all you do for your counties and we hope you are (and remain) safe throughout the holiday season. Take care, Frank. CORSA is committed to keeping members informed of and protected against threats to their financial assets and systems. Payment fraud with checks is on the rise which creates considerable exposure to governmental entities, including CORSA members. Current technology provides sophisticated criminals the tools to create or alter checks. One CORSA member recently experienced a significant theft loss due to a stolen and altered check. We are providing this information on check fraud prevention to assist CORSA members in avoiding this kind of loss. CORSA strongly encourages members to enroll in the anti-fraud services Positive Pay and ACH Positive Pay. The Ohio Auditor of State also recommends enrolling in the above anti-fraud services to guard against check fraud. (See: Auditor of State Best Practices https://ohioauditor.gov/publications/bestpractices/best%20practices%20sept%2...) Positive Pay is a service that essentially requires bank customers to provide their bank with a list of checks that are to be paid, while payment is withheld for any checks that don't match the customer's list. The ACH Positive Pay service allows a customer to set parameters on payments. For instance, payments that occur regularly with similar amounts can be set up to pay automatically, while any payments that fall outside normal transactions will be suspended until authorized. Most banks offer Positive Pay and ACH Positive Pay for a fee. In CORSA's experience fees vary, but customers are able to significantly lower fees through negotiation. Should you have questions regarding Positive Pay or ACH Positive Pay contact Thisbe Butcher at tbutcher@ccao.org<mailto:tbutcher@ccao.org> Frank Hatfield CORSA Risk Manager fhatfield@ccao.org<mailto:fhatfield@ccao.org> 614-560-1474 614-220-0209 Fax www.corsa.org<http://www.corsa.org/> " The leader in providing Ohio Counties with exceptional value, service, and protection of assets." CONFIDENTIALITY NOTICE: This e-mail message (including any attachments) is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy this message and all attachments.