Positive Pay works to reduce the risk of financial loss to your business by matching the account number, check number, and dollar amount of each check presented for payment against a list of checks your business has authorized for payment.
- Detect mismatched or unauthorized check activity to identify and reduce frauds
- No accounting software required. You can manually create and upload a check issued file
- Activate alerts for multiple users and provide daily email notifications indicating if exceptions are available to review
- View images of exception items online
- Eliminate phone calls from the bank to verify checks issued by the business.
Protect your business from paying unauthorized ACH transactions. You can control who can post ACH debits to your account and block and return any that are not authorized.