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After fraud on an account, council declines WesBanco positive-pay service for now
Summary
Councilors discussed recent fraudulent activity on a WesBanco checking account and voted unanimously to decline enrollment in the bank's ACH, check and payee positive-pay service at this time; the service would cost $20 per month per account and the town has 22 accounts.
Council members discussed recent fraudulent activity on a checking account held at WesBanco and considered the bank's ACH, check and payee positive-pay service as a potential safeguard. The vendor-priced service would cost $20 per month per account; town staff noted the municipality has 22 accounts.
Councilor Charlene Louk moved to decline enrollment in the WesBanco ACH/Check/Payee positive-pay service at this time; Councilor Karen Phillips seconded and the motion passed unanimously. Members also raised the related topic of potential B&O tax revenue lost when banking outside town limits and asked staff to monitor the issue going forward.
