Positive Pay solutions help protect business and commercial accounts from unauthorized check and ACH transactions, including common forms of payment fraud. By identifying suspicious activity before transactions clear, Positive Pay provides an added layer of security, greater control over account activity, and increased visibility into outgoing payments.
Among the most effective fraud prevention tools available, Positive Pay helps businesses reduce risk and strengthen payment security with timely monitoring and verification controls.
Match check numbers and dollar amounts presented for payment against your issued check file to quickly identify and return unauthorized or altered checks.
Add another layer of protection by comparing the payee name on the presented check image to the payee information submitted in your issued check file.
Review checks presented for payment through online banking and determine whether to approve or return suspicious or unauthorized items before they clear your account.
Check Positive Pay helps protect your business by verifying each check presented for payment against an issued check file provided by your company. The issuance file includes key details such as the check number, account number, dollar amount, and payee information. Checks presented that do not match the issued file can be identified and reviewed before payment is processed. This information is also available for teller line validation of on-us checks presented for cashing.
Payee Positive Pay provides an additional layer of fraud protection by comparing the payee name on the presented check image to the payee information included in your issued check file. Any discrepancies are flagged as potentially fraudulent and can generate alerts for review and decisioning. This information is also available for teller line validation of on-us checks presented for cashing. By helping identify altered or unauthorized checks early in the process, Payee Positive Pay can significantly reduce the risk of check fraud losses.
Reverse Positive Pay allows businesses to review checks presented for payment through an online report and compare check images and transaction details against internal records before items clear the account. This solution is often ideal for small businesses that may issue a lower volume of checks and prefer a more hands-on review process for monitoring account activity and identifying suspicious or unauthorized items.
Connect with the Treasury Services team to learn more about Positive Pay solutions and how they can help strengthen fraud protection, improve account security, and provide greater control over your business payments.
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