Positive Pay for Checks and ACH Transactions
Positive Pay allows you to quickly identify unauthorized, counterfeit or altered checks before they clear your account — instead of days or weeks later. Reduce the risk of financial loss for your company by matching all transactions against your known checks and payments. Positive Pay is a fraud detection tool which screens checks for fraudulent, counterfeit or altered payments before posting to your business account. Positive Pay verifies the check number and check amount. Your designated users review exceptions daily and makes decisions to pay or return.
ACH Positive Pay helps mitigate the risk of fraud and protect your account by allowing designated users to review ACH exceptions and make decisions to pay or return them.
