Fraud Prevention Tools – ideas and solutions that can help your company protect itself from cybercrime and payments fraud.
In recent years, the threat and occurrence of cybercrime and payments fraud has soared.
It continues to be a major challenge for businesses and banks alike
— regardless of size, geography, industry or sophistication.
Moreover, with the advent of new and diverse digital payment channels, experiences and even currencies, comes the unintended consequence of new and inventive opportunities for fraudsters to advance and refine their evolving and relentless payment diversion scams in an effort to maintain their lead.
At PNC, we want to make you aware of ongoing threats and trends, as well as the solutions and tools that can help protect your company from the harmful effects of payments fraud.
When it comes to cybercrime and payments fraud, every organization is a target, and none are naturally immune to its potential effects. The question isn’t whether your organization will face these threats; rather, it’s when and to what effect with respect to potential or actual financial harm.
A quick look at the stats:
Cybercriminals are constantly looking for ways to perpetuate payments fraud. Recognize the warning signs of common fraud schemes and take appropriate actions to protect against its threats.
As a PNC corporate client, you enjoy convenient access to a variety of effective and reliable tools that can help you limit losses from cybercrime and payments fraud.
Our product and solution professionals can work with you to understand your company’s needs and recommend specific services and optional service features to help your company enhance its fraud prevention posture. Below are just some of the services that we offer:
A service that allows you to verify the existence of a U.S. bank account, gain insight regarding its status, standing and maturity, and authenticate its ownership or signatory authority.
A service that matches checks presented for payment against your company’s check issue file; “exceptions” are presented to you for a pay/return decision through PINACLE®, PNC’s top-rated corporate online and mobile banking platform.
A service that allows you to monitor and control ACH debit activity by establishing “rules” that filter the ACH debits coming into your account(s). Using PINACLE, you can review “suspect” ACH debits and determine whether to return them as “unauthorized.”
A service that restricts any ACH debit transactions from posting to an account.
A service that provides intraday information to help you monitor activity within your accounts.
A service that allows you to subscribe to receive notifications about key activities within PINACLE that can be delivered to the PINACLE Message Center, or directly to you via email or text message.
A software application that provides an additional layer of security designed to help protect your login credentials, including your PINACLE Company ID, Operator ID and password.
Mitigate Risk
How you and your bank can work together to mitigate new risks.
7 min read
Manage Business Finances
Here’s how your business can take control of possible scam attempts.
3 min read
For product and service related questions, please contact your Treasury Management Officer or Treasury Management Client Care (TMCC) directly at
1-800-669-1518.
If you have questions or would like additional information, please fill out this short form so we can get in touch with you. By completing this form, you are authorizing us to contact you (via email and/or phone) to answer your questions and provide information about PNC’s Treasury Management products and services.
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Source: Association for Financial Professionals; 2023 Payments Fraud and Control Survey
Source: 2022 Internet Crime Report (FBI Internet Crime Complaint Center).
By clicking “Download”, you will be directed to a third-party website hosted by Trusteer, a third-party that is not affiliated with PNC Bank. While this software is a valuable addition to your fraud prevention strategy, PNC Bank will not be responsible for the content or effectiveness of the services associated with Trusteer’s software.
IBM and IBM Security Trusteer Rapport are registered trademarks of IBM in the United States.
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