Check Positive Pay

Why Use Positive Pay?

• If your business issues large dollar or a high volume of checks
• You have experienced check fraud
• You require additional risk management

Benefits

• Protect your business from check fraud
• Block non-authorized transactions to your account
• Eliminate the need to close accounts in the event of unauthorized checks clearing

Key Features

Positive Pay can create multiple exception types including:

• Checks not on Issue File
• Checks paid with duplicate check number
• Checks paid with differing amount
• Checks exceeding a pre-determined dollar amount

Decision maker controls allow you to make pay or return decisions before checks post to your account.

How It Works

1. Upload issued check information (Issue File) to online banking website.
2. When checks are presented for payment, Positive Pay compares the amount, check number, and payee of each item with your issue information.
3. Checks that do not reconcile issue information are presented to you as exceptions.
4. Review the exception items online and complete pay or return decisions by the daily decision deadline.