| FUND E-Z Integrates Positive Pay Fraud Protection |
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| Written by News | ||||||||
| Thursday, 16 June 2011 08:05 | ||||||||
Positive Pay is a feature that provides nonprofit and governmental organizations protection against altered checks and counterfeit check fraud. Positive Pay allows nonprofit and governmental organizations the ability to create a file containing the checks they have issued and import those items into their bank's computer via email, web upload or FTP. As checks are presented for payment the bank validates them against Positive Pay files. Unauthorized checks or checks with payees/amounts that differ from Positive Pay will not be paid. Instead the bank contacts the organization with unauthorized check details. "FUND E-Z is proud to offer its clients anti-fraud protection through Positive Pay," said George Marcolini, vice president of marketing for FUND E-Z Development Corporation. "The seamless integration with FUND E-Z Nonprofit Accounting Software now allows nonprofit and governmental organizations a security feature that is offered by virtually every US commercial bank." About FUND E-Z Development Corporation | ||||||||
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About the Author: Kurt Martin is a Founder and Group Publisher of Progressive Media Group (PMG) and the Publisher of Nonprofit Technology News. During his 4 years as Publisher of The NonProfit Times, he grew the imprint from a single newspaper to a community of websites, online job boards, email newsletters and digital editions of the print editions. Prior to taking the role of Publisher he was the East Coast Sales Manager for Broad Daylight, Inc. a knowledgebase company. He also held management roles in advertising and ciruclation sales at American Banker/Bond Buyer (Thomson), Faulkner & Grey (Thomson) and SourceMedia (Investcorp.) Kurt graduated from Montclair State University with a B.A. in Political Science and Public Administration. |
