Dual Control & Security Tokens
No business owner wants to think their own employee(s) would commit a fraudulent act against their company; but the fact remains, employee theft is on the rise. Allegheny Valley Bank offers Dual Control services and Security Tokens to reduce internal fraud risk.
Allegheny Valley Bank highly recommends our customers institute dual controls within their businesses. By requiring one employee to originate a wire or ACH file and a different employee to approve it, an organization can reduce the possibility of fraud.
Add an extra layer of control during the online banking login process. The utilization of security tokens requires the file originator to input a number generated by the security token to send a file to the bank. A fraudster cannot send a file without it.
Even though there are costs associated with tokens, it assures only legitimate individuals can process a transaction.