Centrix Positive Pay is one of the most powerful tools you can use to protect your company against check and ACH fraud
The basics of Centrix Positive Pay are very 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 Centrix Positive Pay system.
As those checks are deposited and reach us for posting, we compare 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 Centrix Positive Pay "Exception" list for you to review.
You can then determine whether the check should be paid or rejected.
In addition, you can create rules for ACH items to alert you to potential fraud. Items that do not meet the rules are presented as an exception to allow you to pay or return.
It's a simple but powerful way to stop the most common types of check fraud & ACH fraud.
If you have questions, please visit our Help Center, or contact us for assistance.