Chesapeake Bank has launched CheckSync, an automation tool from Monit that connects business clients’ accounting systems directly to the bank’s Positive Pay system. The integration closes a long-standing gap in check fraud prevention: despite Positive Pay being one of the most effective tools against check fraud, manual upload requirements have historically limited adoption among small and mid-sized businesses, the bank said. The solution CheckSync automatically scans clients’ accounting system for newly issued checks and transmits the data directly to Chesapeake Bank’s Positive Pay system—eliminating the manual uploads that have made the product a hassle for businesses. Check fraud remains one of the fastest-growing threats facing financial institutions and their business customers, the bank said. Recent industry data shows 94 percent of bank executives report their institution or customers were affected by check fraud in the past 18 months, with check fraud incidents up nearly 400 pe...