Positive Pay is one of the most powerful tools you can use to protect your company against check and ACH fraud
The basics of Positive Pay are simple: When you issue a batch of checks through your accounting program, each check has a certain profile - the date, the amount, the payee, and the account on which the check is drawn. Those records are exported from your accounting program, and imported to the Positive Pay system. As those checks are deposited and reach us for posting, we compared the details of the check to the details you provided when it was issued. If differences or discrepancies are found, the check is flagged, and placed in the Positive Pay "Exception" list for you to review.
You can then determine whether the check should be paid or rejected.
Positive Pay protects your company against both check and ACH fraud It's a simple but powerful way to stop the most common types of fraud.Questions?
If you have questions, please visit our Help Center, or contact us for assistance.