Check Positive Pay
Check Positive Pay is a fraud mitigation service that provides early detection of fraudulent, altered, or counterfeit checks through a daily verification of checks presented for payment against your check register.
How does Check Positive Pay Work?
- Upload a file daily to online banking with list of checks written that day.
- As checks are presented for payment, the positive pay system compares the dollar amount, issue date, and check number of each item against the uploaded check file.
- After being notified via email or text, you will need to view the exceptions through online banking to decide whether the check is legitimate or not.
- Checks deemed not legitimate will be returned to the payee.
Benefits of Check Positive Pay:
- Improved control over check payments
- Review any suspicious checks and determine action
- Reduce potential losses
- Monitor and protect against fraud
Contact Us if you are interested in turning Positive Pay on for your business.
This is an added service and additional fees may apply for this service.
ACH Positive Pay
ACH Positive Pay allows you to manage and monitor ACH debits and credits posting to your account via filters and blocks. You'll be able to make decisions on ACH transactions before your account is debited — and reduce the risk of potential fraud.
How does ACH Positive Pay Work?
- Through online banking, you will set up a list of pre-approved parties that you deal with on a regular basis.
- If an ACH transaction posts to your account and they are not on your pre-approved list, an exception will be created for your review.
Benefits of ACH Positive Pay:
- Reduced risk of potential fraud
- Ability to make pay or no pay decisions on ACH transactions identified as exceptions
- Transactions not meeting your criteria are sent to Online Banking for your review and approval.
Contact Us if you are interested in turning Positive Pay on for your business.
This is an added service and additional fees may apply for this service.