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 - 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.
  • It's a simple but powerful way to stop the most common types of check fraud.