Fraud Protection
Your Security Is Our Priority
We understand that in today's digital age, fraud can happen to anyone. We are committed to safeguarding your financial information and helping you stay protected against fraud. Here you'll find useful tips, tools, and resources to help you recognize, prevent, and respond to fraudulent activities.
How We Protect You
Fraud Monitoring
Our advanced fraud detection system constantly monitors your transactions for any unusual activity. If we spot something out of the ordinary, we'll alert you immediately, so you can take action quickly.
Real-Time Alerts
Stay in the know with instant notifications about your account activity. Receive text or email alerts whenever there's a large purchase, a new login, or other potentially suspicious behavior.
Multi-Factor Authentication
We utilize state-of-the-art encryption, multi-factor authentication (MFA), and secure login methods to protect your personal information and prevent unauthorized access.
Control Your Cards on Your Terms
Our CardProtect tool allows you to control and monitor your debit and credit cards, giving you the ability to turn your cards on/off at your discretion, add alerts, set spending limits based on location, amount, merchant type or transaction type, and more.
Regularly Clear Your Browser History
Regularly clearing your browsing history helps protect your online security and reduces the risk of cyber threats. By removing stored data like visited websites, cookies, and cached files, you limit what hackers can learn about your online activity - keeping your personal information safer.
Common Types of Fraud
The best line of defense in preventing fraud is being able to detect it. Learn about the most common scams and how you can spot them.
Phishing
Phishing is a type of cyber-attack where criminals impersonate legitimate organizations to steal sensitive information.
Romance Scams
Romance scams involve a fraudster pretending to be romantically interested in someone to exploit them financially.
Lottery Scams
Lottery scams involve fraudulent communications claiming you’ve won a lottery or sweepstakes that you didn't enter.
Grandparent Scams
Occur when fraudsters impersonate a grandchild or family member in distress urgently needing money.
Cryptocurrency Fraud
Cryptocurrency fraud refers to schemes that trick individuals into investing in illegitimate or fake crypto opportunities.
What to do if you suspect fraud
- Notify your bank and credit card issuers immediately so they can close your accounts.
- Report the fraud to the Federal Trade Commission at ReportFraud.FTC.gov
- Contact the fraud unit of the three credit reporting agencies. Place a fraud alert on your credit report and consider placing a credit freeze so the criminal can’t open new accounts. The fraud unit numbers are:
- Equifax: (866) 349-5191
- Experian: (888) 397-3742
- TransUnion: (800) 680-7289
- File a police report.
- Make sure to maintain a log of all the contacts you make with authorities regarding the matter. Write down names, titles and phone numbers in case you need to contact them again or refer to them in future correspondence.
To learn more about fraud and identity theft prevention, visit the Federal Trade Commission's Scam Alerts page, or click below to view valuable resources on how to report, notify, mitigate, and dispute incidents of identity theft.
Keep Your Cash Flowing and Your Business Growing
We understand what it takes to run your own business. You’re the first one there in the morning and the last one to leave at night. Managing your cash is essential. Cash Management is a hidden jewel that provides an efficient and effective way to manage your business.
Bill Toner, Vice President of Cash Management Services, shared some thoughts to provide a better understanding of what this service can provide for business customers and the great tools we have in place to keep the cash flowing and the business growing.
First of all, what is Cash Management?
Simply put, it offers business customers a full suite of services that will assist them in managing funds, while operating more efficiently. There are three goals to keep in mind when thinking about Cash Management:
- Get money as fast as you can.
- Keep money as long as you can.
- Keep money as safe as you can.
How can we help Montana businesses meet these three goals?
We provide the tools to get cash faster, hold onto cash longer, when necessary, pay out in the most efficient way possible and keep cash safe as possible. Every business is different and may not need all of the tools offered, but there are some amazing services that will help in attaining the three goals.
Business Online & Mobile Banking
We have great online tools that allow business owners to manage their accounts easily and securely. Whether you are on a desktop computer or on your mobile phone, you will enjoy greater account control with 24/7 access to monitor your balances and daily activity.
What are some of the key Cash Management tools that could benefit a business?
- ACH Services – Make electronic payments or receipts such as direct deposit payroll processing for employees, accounts payable origination for automatic or recurring payments or receivables, such as receipt of monthly dues/rents. This allows flexibility to manage your business on your schedule.
- Wire Transfer Services – Move funds quickly and securely directly from your business.
- Remote Check Deposit (eDirect) – Deposit checks securely right from your office, so you can run your business and not have to drive to the bank.
- Positive Pay – Safeguard your money, protect yourself against check and ACH fraud and streamline your day-to-day operations. You can view all transactions in real time, as well as receive notifications of suspicious items.
- Lockbox Services – Speed up receipt and deposit of cash and check payments sent through the mail with our centralized service. This reduces the number of employee touches on a transaction and frees them up from preparing deposits and making trips to the bank.
- Merchant Card Services – Enjoy quick and easy electronic payments from your customers by the swipe of a credit or debit card. This provides you the convenience of easily and securely managing your payments.
Why should a business consider Cash Management services?
Simply, we help businesses of all sizes with cash flow. When a business has effective cash flow, it runs more efficiently, productivity increases, leading to growth and prosperity. Our Cash Management services provide flexibility and convenience, allowing a business to “bank on their time, not just when the bank is open.”
Where can business owners find more information on Cash Management?
Click here to learn more or contact your local Stockman Bank. We will work with you every step of the way, helping you find the solutions that are right for you and your business.
