Effective Thursday, March 19, 2020 several of our branch offices will be closed. The following branches will remain open: San Jose, Santa Teresa, Dublin and Cupertino. All branch ATM’s will remain operational, and all branches are scheduled to be open again on Wednesday, April 8th although this date may change.
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Tech CU offers a combination of services that helps businesses prevent fraud on their accounts, namely Check Positive Pay, and ACH Blocks and Filters. The combination of these two services helps companies arm themselves against various types of fraud that exist in the business world today. This new service is available to business members that issue a moderate to high number of checks and have allowed other entities to debit their accounts via electronic debit. To have the service, businesses need to have their account relationship analyzed monthly via Tech CU’s account analysis system.
Check Positive Pay requires the business member to upload a file of checks they issued via the online banking portal, namely Business Online Banking.
In the current financial world, electronic funds transfers are commonplace and businesses originate and receive ACH transactions frequently between their vendors and customers. Controlling authorized transactions is very important and tools to prevent unauthorized transactions are becoming essential. Tech CU offers the ability to allow only certain pre-authorized ACH transactions to post to business member accounts.