Positive pay is a straight-forward tool that mitigates the risk of check fraud. The process catches “bad” checks with altered amounts, invalid dates, or duplicate checks.
Here's how it works
Accessible through our Cash Management Online Banking solution
You transmit a list of issued checks through your online account each day that includes the date, check numbers and amounts of the checks
We complete the verification process, comparing checks presented to those you issued and report exceptions to you
We notify you of suspicious transactions
Then, you tell us whether to accept or reject the check
You have access to the check information and digital images to help with decision-making
Automated Clearing House
You can also use Positive Pay with ACH transactions, ensuring electronic transfers or debits are legitimate
Best of all, Positive Pay is absolutely FREE!
Just another benefit of having your business checking account with us!