Dual Control

Reduce Fraud Risk

Why Dual Control Matters

With Dual Control, you can decide who approves or rejects internal transfers, ACH transactions, and Wire transfers. Businesses need at least two users to enable Dual Control, and you can customize it for each service and/or user.

Setting up Dual Control is simple. Business owner(s) or anyone with managing access can choose whether a user needs another authorized signer to approve their transfers, wires, or ACH transactions.

Best of all, Dual Control is free for all Provident Business Banking users. Get started today and enjoy peace of mind knowing your money is always in good hands!

Advantages of Dual Control

Implementing Dual Control can enhance your online security measures and safeguard your business against various operational risks:

Protection Against Payment Scams

As payment fraud becomes more sophisticated, Dual Control ensures that a second set of eyes reviews transactions, reducing the risk of fraudulent activity draining your accounts.

Prevention of Processing Errors

Dual Control helps detect and prevent errors such as internal procedure breaches or inaccuracies in account numbers or transfer amounts.

Defense Against Compromised Credentials

Advanced tactics used by fraudsters to steal login information pose a threat to online accounts. Even if a criminal gains access to a user's credentials, Dual Control prevents unauthorized withdrawals.

Mitigation of Internal Fraud

While trusting your employees is essential, Dual Control acts as a deterrent against internal fraud. It provides an additional layer of oversight, helping to identify any unethical behavior early in the process and discouraging fraudulent actions.

FAQs