Positive Pay

Positive Pay


Positive Pay is ideal for companies with high check volume and who may be concerned about potential check fraud. With the positive pay service, companies greatly reduce the chance of significant loss due to stolen or fraudulently created checks. Whenever checks are cut, an issue file is sent to the bank listing the check number and check amount of all issued checks. The Bank will match the file against incoming checks and advise of any discrepant items. If there is a discrepant item, the item can be viewed online and a decision can be made whether to pay or return the item.