Positive Pay
Payment fraud has more than doubled in recent years with nearly 70% of organizations reporting payments fraud nationwide. Positive Pay can help you protect your business from Check and ACH fraud.
Our comprehensive Positive Pay transaction management system includes check positive pay, ACH positive pay, account reconciliation, and custom ACH reporting—all from one single platform.
This powerful fraud detection tool helps you automate the way you monitor transactions and enables you to validate payee information, manage exceptions, and streamline your workflows.
Validate check payments easier and more thoroughly than ever with Check Positive Pay. Functionality includes:
- Payee Match – Ensure payee name on check images matches payee name on issued check files.
- Online Check Image Viewing – View front and back check images of both exceptions and paid checks.
Evaluate ACH transactions and necessity for further review with ACH Positive Pay. Functionality includes:
- ACH Authorization – Define rules for pre- approved ACH activity, including originating company, standard entry class, transaction type, and maximum amount.
- Transaction Filter/Block – Identify suspicious activity using rules similar to ACH Authorization.
Also take advantage of:
- Automated Processing
- Exception Management
- Account & Deposit Reconciliation
- Reverse Positive Pay
- ACH Corporate Reporting (NOC, Returns, EDI)
To learn more about the proactive and cost-saving benefits of Positive Pay for your business, visit with your Banker today!