Information Services & Fraud Prevention
You work so hard to run your business day in and day out – our Information Service and Fraud Prevention tools can help provide that quick access to information as well as preventative tools putting an extra set of safeguards in place to protect your business.
Conveniently, through your computer or smart phone, you can gain easy access to South Shore Bank’s Business Online Banking platform and be provided with detailed account information. As your business grows, this system can grow right along with you as well! Our team of experts will work with you and can offer additional modules that we turn on with the click of a button to help you manage receivables and disbursements for your business.
Features of Business Online Information Reporting
- Real-Time Account Balances
- View Check Images
- Electronic Access to Bank Statements
- Funds Transfer
- Real-Time Alerts (i.e. low balance alerts)
- Business Bill Payment
- Customizable Employee Access
- Ability to add other modules as your business grows and your needs change
Fraud Prevention Tools
Reduce the risk of check fraud with Positive Pay from South Shore Bank. Our Positive Pay solution will allow you to submit an issued checks file to the bank. As each check is presented for payment, the Positive Pay system electronically compares it to the information in your issued check file. Discrepancies are flagged and you receive an email alert so that you can see an image of the check and decide if you want it to be paid or returned.
Not only does Positive Pay help deter check fraud, it also eases the burden associated with account reconciliation! You’ll spend less time and money reconciling your accounts and gain a streamlined approach to check storage and retrieval.
Electronic Debit Block
Concerned about electronic fraud? South Shore Bank’s Electronic Debit Block will help protect your business against unauthorized ACH transactions. Electronic Debit Block allows you to block all electronic drafts or specify which companies are authorized to post debits to your accounts while automatically blocking those that are not authorized.