BUSINESS

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BUSINESS ACCOUNTS

Superior recognizes the needs of smaill business owners.  We offer the following services for small businesses:

BizSavings

  • No monthly fees

BizChecking

  • FREE MasterCard Debit/ATM Card
  • FREE HomeBanking
  • FREE textBanking
  • FREE e-Statements
  • FREE Overdraft Protection
  • No Miminum Balance
  • No per transaction fees
  • Unlimited withdrawals and deposits

see our business account agreement.

 

PROTECTING YOUR BUSINESS

Your business is ultimately responsible for safeguarding your own data, including information that can be used to access or transact against your accounts at Superior Credit Union. However, we recommend that you consider implementing the following data security-related best practices or controls for your company.
 
There is no substitute for the advice of experts with intimate knowledge of your operations.  We at Superior Credit Union recommend that you obtain data security and anti-fraud advice from such experts. While we may provide you with some recommendations regarding controls or best practices from time to time, these recommendations cannot replace the services of dedicated data security and anti-fraud experts with a true understanding of your business.
 

Best Practices for Online Banking:

Best Practices for Online Banking Security
• Use strong, complex passwords that contain:
    • alpha/numeric characters and symbols
    • upper and lower case characters
    • minimum of  8 characters but longer is recommended
    • no real words or names of family/friends/ pets
    • use entire keyboard; avoid strings of  identical characters
• Change your passwords regularly and use a different password for each website you access.
• Never reveal your confidential login ID, password, PIN or answers to security questions to anyone.
• Never reveal your confidential login ID, password, PIN or answers to security questions by e-mail.
• Never share your security token.
• Report lost or stolen tokens immediately.
• Never bank online using computers at kiosks, cafes, unsecured computers or unsecured wireless networks.
• Prohibit the use of shared user names and passwords for your online banking accounts.

 

Tips to Avoid Phishing, Spyware and Malware
• Don’t open e-mail from unknown sources.
• Never respond to a suspicious e-mail or click on any hyperlink embedded in a suspicious e-mail:
• Call the purported source if you are unsure who sent an e-mail.
• If an e-mail claims to be from your bank, call a client services representative.
• Educate your staff about current scams and loss- prevention steps.
• Make sure all of the computers your staff members use for work-related business, at the office and at home, have the latest versions and patches of both anti-virus and anti-spyware software.
• Maintain updated and patched systems and software.
• Install a firewall between your computers and the Internet.
• Restrict administrative rights to install programs to IT staff.
• Check your settings and select at least a medium level of security for your browsers.
• Clear the browser cache before starting an online banking session to eliminate copies of Web pages that have been stored on the hard drive.

Tips to Protect Online Payments & Account Data
• Dedicate and restrict one computer to online banking transactions; allow no Internet browsing or e-mail exchange and ensure this computer is equipped with latest versions and patches of both anti-virus and anti- spyware software.
• Segregate responsibilities among different employees by maintenance, entry and approval.
• Delete online user IDs as part of the exit procedure when employees leave your company.
• Assign dual system administrators for online cash management services.
• Periodically evaluate employee job functions and remove online services.
• Establish transaction limits for employees who initiate and approve online payments.
• Set up alerts to notify manager of payments initiated above a threshold amount that warrant management’s attention.
• Use dual controls; require multiple users to release an online payment because it is less likely a fraudster would control the workstation of both initiating employees.
• Reconcile by carefully monitoring account activity and reviewing all transactions initiated by your company on a daily basis.
• Use separate accounts for electronic and paper transactions to simplify monitoring and tracking any discrepancies.

 

Helpful Tips with Preventing Corporate Account Takeover

The best way to protect against corporate account takeover is a strong partnership with your financial institution.  Work with your bank to understand security measures needed within the business and to establish safeguards on the accounts that can help the bank identify and prevent unauthorized access to your funds.

A shared responsibility between the bank and the business is the most effective way to prevent corporate account takeover.  Consider these tips to ensure your business is well prepared:

  • Protect your online environment.  It is important to protect your cyber environment just as you would your cash and physical location.  Do not use unprotected internet connections.  Encrypt sensitive data and keep updated virus protections on your computer.  Use complex passwords and change them frequently.  Adopt advanced security measures by working with consultants or dedicated IT staff.
  • Partner with your bank to prevent unauthorized transactions.  Talk to your banker about programs that safeguard your form unauthorized transactions. Positive Pay and other services offer call backs, device authentication, multi-person approval processes and batch limits help protect you from fraud.
  • Pay attention to suspicious activity and react quickly.  Look out for unexplained account or network activity, pop ups, and suspicious emails.  If detected, immediately contact your financial institution, stop all online activity and remove any systems that may have been compromised.  Keep records of what happened.  Practice ongoing account monitoring and reconciliation, especially near the end of the day.
  • Understand your responsibility and liabilities.  The account agreement with your bank will detail what commercially reasonable security measures are required of your business.  It is critical that you understand and implement the security safeguards in the agreement.  If you don’t, you could be liable for losses resulting from a takeover.