Electronic Processes

Electronic payment processes, such as Automated Clearing House (ACH) transactions and wire transactions, inherently offer more fraud control and are less vulnerable to fraud as compared to paper-based transactions. However, fraud is perpetuated in all forms, so it is important to actively manage fraud risk associated with electronic processes.

Best practices for electronic processes

  • Review your banking activity on a daily basis and reconcile accounts timely. Use an online banking service, such as Regions iTreasury to securely and conveniently access your account information and initiate electronic transactions.
  • Segregate accounts by purpose, type and/or payment vehicle.
  • Segregate duties for transaction initiation and reconcilement.
  • Establish dual control for transaction initiation. Dual control consists of the segregation of duties and is a primary internal control which prevents or decreases the risk of errors, or irregularities, and identifies problems. Dual control is achieved when an individual does not have control over all phases of a transaction.
  • To prevent unauthorized ACH transactions, utilize ACH Alert.

Learn More

View the 2017 AFP Payments Fraud & Control Survey - Report of Survey Results for the latest fraud statistics and details about how fraud is being perpetuated in its most prevalent forms.


Fraud Prevention Resources
Learn more about the best practices and other helpful tools to help protect your business from fraudulent practices.

Protect your business from unnecessary loss with Regions Fraud Prevention Solutions
Regions offers an array of fraud protection tools for business of all sizes that work in tandem to safeguard information to substantially reduce your exposure to fraud. 

Learn more about fraud prevention.

Contact your Regions Treasury Management Officer or Relationship Manager today.