Positive Pay

Positive Pay is one of the most powerful tools you can use to protect your company against check fraud. The basics of Positive Pay are very simple:

• When you issue a batch of checks through your accounting program, each check has a certain profile — date, payee, check number and dollar amount
• 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 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 Positive Pay "Exception" list for you to review
• You can then determine whether the check should be paid or rejected