Legal compliance is the process or procedure to ensure that an organization follows relevant laws, regulations and business rules
first its policies need to be consistent with the law.
- treating similar cases alike
Second, its policies need to be complete with respect to the law.
-no gaps in the legal sense
first its policies need to be consistent with the law.
- treating similar cases alike
Second, its policies need to be complete with respect to the law.
-no gaps in the legal sense
Fraud protection
- Layered security approach. We require tokens for high-risk functions such as money movement and user administration.
- Data encryption. We use advanced encryption to help protect against unauthorized access.
- Credential protection. To protect the privacy of your confidential login information, we never ask for your passwords over the phone or through email or text messages.
- Session management. To help keep your online sessions secure, our Commercial Electronic Office® (CEO®) portal uses separate windows and never uses pop-up windows, which launch automatically and carry higher security risk.
- Product security. To strengthen your control of crucial information and help safeguard your data, we build advanced security features into our products and services. As an example, we will not release payments if they include previously confirmed fraudulent beneficiary information.
- Product offerings. We offer several fraud protection services, including ACH fraud filters for electronic debits and credits.
Payments Fraud
Despite frequent fraud attempts, many businesses do not suffer financial losses because they implement strong
fraud protection strategies. Is your organization protected?
fraud protection strategies. Is your organization protected?
Check fraud
If your company writes checks, put the following services on all your checking accounts:
- Positive pay systematically compares checks presented for payment to your issued-check files to detect
- serial numbers and dollar amounts that don’t match.
- Payee validation and payee match identify payee names that have been altered.
- Reverse positive pay is an alternative to positive pay services for companies unwilling or unable to
- transmit issued-check files to Wells Fargo. You get the opportunity to review checks presented for
- payment and determine if they should be paid or returned.
ACH fraud
If you make ACH payments, these services can help protect you:
- Wells Fargo ACH Fraud Filter – The "Stop"service automatically stops all ACH debits – except those
- you specifically pre-authorize – from posting to your accounts. The "Review" service presents transactions
- to you for pay or return decisions.
- Perfect Receivables ® service – If your company has a high volume of electronic receivables, reduce the
- risk that your account number will fall into the wrong hands. The Perfect Receivables service protects
- your account by providing "proxy" account numbers for your customers to use when remitting ACH and
- wire payments to you.