Plumb Bill Pay Implements a Check Fraud Solution with Cheque-Guard

The Cheque Guard Suite of Products is the Industry-Leading Answer to Combating Check Fraud.

Press Release – Check Fraud Solution for Plumb Bill Pay

Plumb Bill Pay, a premier back-office accounting, financial reporting and bill pay firm for family offices and the high-net-worth, is pleased to announce a partnership with Cheque Guard and their check fraud detection tools and software. The combination of Plumb Bill Pay’s secure cloud infrastructure with state-of-the-art Barracuda Spam Firewall and Cheque Guard’s top-rated check printing security creates a robust defense to protecting client’s financial data.

“As a preferred outsourced bill pay vendor for many top multi-family offices, financial institutions and high-net-worth families, our security concerns around check fraud are a high priority,’ said Anneke Stender, Executive Vice President of Plumb Bill Pay. “After evaluating numerous solutions, we are confident that Cheque Guard is the leader in the industry with their innovative suite of products,” she said.

The Cheque Guard system replaces the need for Plumb Bill Pay to purchase individual checks from financial institutions for clients. Instead, specific account information is imported onto blank checks made with an image-survivable seal that encrypts the data into a barcode. The product is ChequeSeal, a next generation of Positive Pay that requires no issue file or transmission. The ChequeSeal is decrypted and verified at the bank to ensure authenticity of the check.

“Check fraud is the biggest form of payment fraud in the world, and we fully understand the magnitude of the issue,” said Emil Ramzy, President of Cheque Guard. “There is great synergy with the Plumb Bill Pay team and we are happy to partner with them and provide peace of mind that their check writing solutions are safe and secure,” he said.

Plumb Bill Pay offers a range of services, including bill payment, recordkeeping, income and expense tracking, cash flow reporting, vendor management and mail services. These solutions are customizable for every client depending on the need and complexity of their personal financial life.

“Security is at the forefront of Plumb Bill Pay, and we take a proactive approach to ensuring that customer data is not compromised,” said Robert Scherer, President of Plumb. “Cheque Guard gives us the extra layer of protection against the potential vulnerabilities of check fraud,” he said.

Plumb Bill Pay uses a proprietary task management system to facilitate and track bill pay management.  It is hosted on a cloud infrastructure with bank-level security measures and VPN connection. Bills are paid on time, monitored for accuracy and reconciled by a dedicated team. This includes accounting experts who specialize in serving the needs of the high-net-worth.

About Plumb Bill Pay:

For over two decades, Plumb has been helping high-net-worth families, their businesses, and family offices achieve greater levels of personal freedom by handling their personal reporting and bill pay needs.

Plumb Bill Pay works with clients nationwide with office locations in Southern California: 1227 Prospect Street, Suite 200, La Jolla, CA 92037; 16904 Via de Santa Fe, Rancho Santa Fe, CA 92067 and 100 Bayview Circle, Suite 270, Newport Beach, CA 92660 and New York City: 747 Third Avenue, Suite 200, New York, NY 10017  

About Cheque-Guard:

Founded in 1991, Cheque Guard Inc. provides small to medium-size businesses and financial institutions with check fraud solutions, including ChequeSeal™ and ChequeSuite™. These software products allow businesses to integrate and deploy secure, controlled check printing and electronic payments for the Automated Clearing House (ACH), while creating a Positive Pay file for the bank as the checks are printed by the customer.

How to help eliminate check fraud with the protection of Cheque-Guard

This is the next generation of Positive Pay that requires no issue file and no file transmission.  The secure seal by ChequeSeal encrypts the check data into the barcode. When the check enters the banking system, an instant verification goes into action. Before it is paid, ChequeSeal references the encrypted information for comparison and determines the check’s authenticity.  For more information, click here.

check fraud solution

Are you ready to gain financial peace of mind knowing that your bills are being paid on time, reviewed for accuracy and detected from check fraud?



How Plumb Bill Pay Works and 5 Reasons to Use It

At Plumb Bill Pay, our personalized family bill pay services are custom designed to meet the needs of our high-net-worth clients. Our team of experts manages your bills, creates reconciliations and reports to allow your personal financial team to make better decisions about your wealth.

How It Works:

With Plumb’s proven outsourced bill pay solution, you receive high-touch service from accounting experts who provide cash flow reporting, track your expenses and pay your bills reliably and securely.

Our 7-phase bill pay cycle features segregation of duties, multiple levels of review, and secure access. Following these checks and balances, you can enjoy peace of mind knowing that your assets and bills are being monitored and paid on time, and all the while you can monitor your bill pay phases through our bill pay app. Take a look at our proven approach to family bill pay:

Phase 1: Bill Pay Associate receives and reviews vendor invoices.
Phase 2: Bill Pay Associate sends vendor invoices to the client for approval and initiates bill payment.
Phase 3: Bill Pay Lead approves bill payment.
Phase 4: Plumb signer authorizes signatures for ACH, wires, and checks.
Phase 5: Bill Pay Supervisor reviews bank and credit card statements for accuracy.
Phase 6: Bill Pay Associate reconciles bank and credit card statements.
Phase 7: Bill Pay Lead sends weekly cash activity report.

 

Top 5 Reasons You Should Use Plumb Bill Pay:

1. Take your time back:

Have your expenses tracked and all bills paid on time, so you can focus on your family and enjoy your wealth. With 24/7 on-demand access to your own accounts and frequent comprehensive reporting, you or your designated financial representative maintain a direct line of sight into your expenses, without the stress of managing the minutiae.

2. Personalized solutions:

We customize our approach to the specific needs and objectives of each separate client.

3. Be in the know

Receive comprehensive cash flow reports, allowing you and your personal financial team to make better decisions about your wealth.

4. You can rely on us

You will have peace of mind knowing you are in good hands as we offer unparalleled client service and guarantee on-time payments. This takes the pressure of you to plan for upcoming payments and recurring bill due dates. Ensure that your bills are paid on time, so you can devote more energy to enjoying life.

5. Deliver accurate tax documents to your CPA by having organized recordkeeping throughout the year and electronically filing invoices.

Plumb Bill Pay Finalist in the Family Wealth Report Awards 2021

Press Release: 2021 Family Wealth Report Awards

Awards showcase the best in the industry with categories focused on experts, products and services for wealth managers, high-net-worth clients and financial institutions.

Plumb Bill Pay, a leading bill pay firm servicing family offices and the high-net-worth, has been selected as a finalist in the Bill Pay and Property & Household categories at the Family Wealth Report Awards.

The annual Family Wealth Report Awards program recognizes the most innovative and exceptional firms, teams and individuals serving the family office, family wealth management and trusted advisor communities in North America.

“It is an honor to be nominated for this prestigious and nationally recognized award,” said Anneke Stender, Executive Vice President of Plumb Bill Pay. “This is testament to our best-in-class services and a foundation of technology and bank-level security that has led to our growth and success this year,” she said.

Plumb Bill Pay was nominated for the Property & Household category for their range of service offerings to the private client community, including bill payment, recordkeeping, income and expense tracking, cash flow reporting, vendor and mail management services.

Using a proprietary task management software system to facilitate and track bill payments, the solutions of Plumb Bill Pay are customizable for family offices or individual clients depending on their need and complexity of transactions and reporting.

“It feels great to be recognized alongside the top service providers to the affluent community and trusted by their advisors,” said Robert Scherer, President of Plumb Bill Pay. “As we continue to build relationships with family offices, wealth management firms and financial institutions, it is imperative to keep expanding our technology, security features and ease of use for client satisfaction,” he said.

Stephen Harris, ClearView Financial Media’s Chief Executive, and publisher of Family Wealth Report, was first to extend his congratulations to all finalists.  He said: “The firms and individuals who are finalists in our 8th Family Wealth Report Awards program are all worthy competitors, and I would like to extend my heartiest congratulations.  These awards are judged by an independent panel of judges and finalists are selected on the basis of entrants’ submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, and not only quantitative performance metrics.  That is a unique, and I believe, compelling feature.  These awards will recognise the very best operators in the private client industry, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect excellence in family wealth management.  I’m delighted that we have made these annual awards the brightest, and most keenly contested highlights in the family wealth management calendar.”

Winners will be announced on 6 May 2021 in Family Wealth Report alongside a series of videos and publications.

About Plumb Bill Pay:

For over two decades, Plumb has been helping high-net-worth families, their businesses, and family offices achieve greater levels of financial freedom by handling their personal reporting and bill pay needs. Plumb Bill Pay offers a high-touch and high-tech approach to personal bill pay and is custom designed to meet the needs of the high-net-worth.

Plumb Bill Pay works with clients across the country and globally. They have office locations in La Jolla and Newport Beach, CA and New York City, New York.

About Family Wealth Report Awards:

The Family Wealth Report is published by ClearView Financial Media, which provides essential business intelligence and up-to-date wealth management news to the global financial services sector.  With a database of 60,000 professionals, ClearView Financial Media is a real voice for private bankers, wealth managers, and advisors in related sectors.

London-based Publisher Stephen Harris is an international financial journalist and private client investment manager. With teams based in New York, London, Singapore, Switzerland and South Africa, Group Editor Tom Burroughes is dedicated to bringing the community useful news, thought-leadership events and important issues facing the private client community. 

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Announcing Our Name Change to Plumb Bill Pay!

Big news – we are releasing our new name, we are now Plumb Bill Pay!

We are proud to announce the launch of the new company name as part of the ongoing development of our company’s brand. We changed our name to better represent our brand and our mission. The new name reflects our companies approach to family bill pay. You’ll see our new name and look throughout our website.

 

Our business has grown and evolved over the years, and we felt it was time for a change. We have changed our name to reflect who we are as a company today. For over two decades, we have been helping high-net-worth clients achieve greater levels of personal freedom to savor their time and enjoy their lifestyles. By providing expert advice and innovative technology solutions to streamline, simplify and centralize day-to-day financial operations, we act as an extension of your financial team, supporting individuals and families with our analytical and proactive approach to bill pay.

 

“By rebranding ourselves as Plumb, we are doubling down on our assurance to serve you with the highest quality bill pay services available in today’s market. Plumb is exacting. Plumb ensures clarity. Plumb aligns your accounting and bill paying. You know us for our quality products and  services, now get to know us as Plumb Bill Pay.” – Anneke Stender

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