Positive Pay
Enhance the security of your payments.
Most of us have security systems to safeguard our valuables. You can think of our Positive Pay1 as a security system for your business checking account. You’ll enjoy the peace of mind knowing any check that clears your account was issued by you.
Positive Pay is an anti-fraud system that enables you and the bank to work as a team to detect check fraud. With Positive Pay, you review items ready to post and “positively” telling us which should be paid. If anything doesn’t match, it’ll be identified as an exception item, then you’re in control of answering the question: “To Pay or Not to Pay?”.
What is an "exception" item?
An exception is any check debit that is presented to a Positive Pay account during interactive or batch process and is found to have one of the following exceptions:
- Non-Issued Item (No issued item record found)
- Mismatch Item (Check amount does not match issued)
- Expired Item (Check Expiration Date exceeded)
- Voided Item (Issued item in a voided status)
- Duplicate Paid Item (Issued item in a paid status)
What You Can Do With Positive Pay
- View all outstanding issued items
- Modify outstanding issued items
- Add individual issued items
- Void outstanding issued items
- View paid items without exceptions from the previous processing run
- View paid items by date or check number range
- View exception items from the previous processing run
Positive Pay improves the control you have of your account and gives you the tools to prevent check fraud – before it happens!
1 Monthly service charge and transaction fees may apply. See Treasury Management Fee Schedule for related fees.
