Positive Pay is an automated fraud detection tool that provides immediate exception warnings at the point of check and/or ACH presentment.  In its simplest form, it is a system that matches the account number, check number and dollar amount of each check or ACH presented for payment against a list of checks and ACH transactions previously authorized and issued by your business. 

 

 

Features:

  • Reduces fraud with timely notification of suspect items
  • Streamlines the process for a more efficient handling of fraudulent checks and ACH
  • Increases the control you have over the payment of checks and ACH
  • Effectively validates checks presented for payment at the teller line
  • ACH Positive Pay lets you safeguard against fraudulent activity by filtering and blocking unauthorized electronic transfers

Speak to a Cash Management Officer about potential fees and other product details