Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Nutter Fort council declines WesBanco positive-pay service after recent fraud
Summary
After reporting fraudulent activity on a WesBanco checking account, the council voted unanimously to decline the bank's ACH, check and payee Positive Pay service (estimated $20/month per account for 22 accounts) at this time.
Councilors discussed recent fraudulent activity on a town checking account at WesBanco and the bank's recommended ACH, check and payee Positive Pay protection at an estimated $20 per month per account. Council considered the service for all 22 town accounts but expressed concern about cost and the possibility of lost local B&O tax revenue if the town banks outside municipal limits.
Councilor Charlene Louk moved to decline the WesBanco Positive Pay service at this time and revisit the decision if fraud reoccurs; Councilor Karen Phillips seconded the motion and it passed by unanimous roll call.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
