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After fraud, Nutter Fort council declines WesBanco Positive Pay service for now
Summary
The council discussed a recent fraudulent transaction and declined, by unanimous vote, to add WesBanco ACH/Check/Payee Positive Pay at $20 per account for 22 accounts; the item may be revisited if problems recur.
Councilors reviewed a recent fraudulent transaction at WesBanco and considered adding ACH/Check/Payee Positive Pay protection at $20 per account for the town’s 22 accounts. After discussion about costs and the potential for missing B&O tax revenue by not banking in-town, Councilor Charlene Louk moved to decline the service at this time; Councilor Karen Phillips seconded and the motion passed unanimously.
Councilors said they would revisit the decision if further incidents arise. The motion leaves existing account controls in place and directs staff to monitor bank activity and local tax implications when evaluating future changes to banking relationships or security services.
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