ACH Origination is here to help you make direct payments to a payee’s bank account. ![]() Read more about Why Dual Approval Matters. How To Use CitiBusiness ® Online ACH Origination.Dual Approval helps mitigate this risk by acting as an effective deterrent and also providing an opportunity for any wrongdoing to be identified early in the process. External pressures and/or unexpected opportunities can lead a previously trusted staff member into making a poor ethical decision. Internal Fraud: While all businesses want to be able to trust their staff, the reality is that a significant number of companies have been defrauded by an employee.Processing Errors: A checker can help spot a variety of mistakes, from breaches of internal procedure to typing errors on the account number or the value of a transfer.Even if a criminal was able to compromise one of your online user's credentials, Dual Approval would help stop the attacker from being able to make a withdrawal. Compromised Credentials: Fraudsters are using advanced techniques to steal people's usernames and passwords, before logging into their victims' accounts and diverting funds.While a fraudster may be able to trick an individual, a system-enforced checker ensures that a second person looks at the transaction and can help capture the attempt before any money leaves your account. Payment Scams: Payment fraud is a growing risk, and criminals continue to deploy increasingly clever scams.CitiBusiness Online can also create CSV files that are compatible with Microsoft Excel and various money management software packages. in order to use this feature (including Puerto Rico).Adding Dual Approval can help strengthen your online controls and protect your business from several different types of operational risk: CitiBusiness Online can download account activity directly into QuickBooks and Quicken using the QBO (QuickBooks Web Connect) and QFX (Quicken Web Connect) download formats. * Mobile Remote Check Deposit is available today on a limited basis, and you must be physically located in the U.S. Please note that standard messaging and data rates from your wireless provider may apply. By consenting to the installation of this application, you are also providing your consent to the future installation of any updates or upgrades to this app Mobile that may be required for this application to perform the functions outlined above.Ĭiti will not charge you to use and download this application. This application will communicate with Citi’s server automatically in order to relay your consent and to record usage metrics. ![]() You must be specifically entitled for Mobile Token feature access by your business’s System Administrator.
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