What is Positive Pay?

How to protect yourself against fraud and other scams.

 

• Check Positive Pay

  Protect your business against altered, forged, and counterfeit checks with Check Positive Pay.
  • Used to match checks that have been issued by your company to those presented for payment.
  • Details of the presented check are compared to the information provided to the bank by you.
  • Positive Pay compares details such as Check Number, Date of Issue, Amount and Payee Name.
  • If any details do not match, the check in question will be available to the issuer for examination and approval.
  • Customers can upload a file that includes all issued checks or items can be entered manually as checks are written.

• ACH Positive Pay

  ACH Positive Pay is here to help combat fraud associated with electronic payments.
  • Allows customers to monitor and manage ACH debits and credits before they post to the account.
  • Any ACH transaction that does not meet pre-set criteria will be made available for you to approve or decline before the transaction posts to the account.
  • Known or familiar ACH companies or vendors can be added to allow debits or credits to post without approval.