Our Positive Pay solution is a proactive way to protect you and your business against ACH or check fraud. If you sign up for this tool, you or someone within your company can allow or “disallow” automated credits and/or debits from your account. This way, your business has an additional layer of protection, and helps reduce the risk of financial loss.
ACH Positive Pay is a proactive tool to deter ACH fraud. It gives your business the option to allow or disallow automated credits and/or debits to your account. You can also set criteria for specific merchants.
Any ACH item that meets the criteria you have set is considered to be potentially fraudulent and is sent to you for examination. You can decide to pay or return the item. ACH Positive Pay can effectively help your business from becoming a victim of ACH fraud.
How it Works:
Check Positive Pay is a proactive tool to deter check fraud. It is used to match the checks a company issues with those posting for payment. Once an item is identified the company can decide to pay or return the item.
Any check considered to be potentially fraudulent is sent back to the issuer for examination. Check Positive Pay can very effectively help the business from becoming a victim of check fraud.
How it Works:
Our Business Development Officer (BDO) Team is standing by to get you started with Positive Pay, which will help cut down on ACH and check fraud.