Fraud Mitigation

Positive Pay

Reduce the potential of fraud with an integrated browser-based application that verifies the checks and ACH transactions clearing your business account are authorized. Discrepancies between your records and items clearing your account are easy to identify and address in a secure environment.

Mobile Banking Add-On

Easy access through the mobile app
Make timely approvals from anywhere

Positive Pay Software features

Positive Pay Module — Checks

Easy upload of your issued check file in either a delimited or fixed length file to a secure website.
File format flexibility for compatibility with customer A/P software.
Checks are reviewed for Serial Number, Date and Dollar Amount match to the file upload as they are presented.
Exceptions reviewed for a pay or no-pay decision with simple verification through check imaging.
Payee Positive Pay is an additional feature available where the Payee may also be reviewed and create an exception.

Reverse Positive Pay Module — Checks

All clearing items viewable on secure website.
No-pay decisions are marked as all items are defaulted for payment.

ACH Debit Block (ACH Positive Pay)

Unauthorized electronic transactions are blocked before the funds clear the account.
Customer determines payees and dollar thresholds that are acceptable for payment without review.

Extensive Reporting Capabilities

Review historical exception decisions
Look at outstanding and stale issues
Determine the status of any issues

Security Top of Mind

With full administration set up by the business, creation and control of User IDs and passwords ensures your controls are current and changes can be made instantly.

Get Me Started With Positive Pay

Tokens - Multi-Factor Authentication

Protecting your company’s information must be considered part of a strategy to reduce risk exposure. To help you protect your bank account information, National Exchange Bank & Trust invested in “Token Authentication” for Business Electronic Banking customers.

RSA SecurID^® two-factor authentication is a combination of something you know (a password or PIN) and something you have (an authenticator), providing a much more reliable level of user authentication than static passwords. SecurID^® authentication offers a unique solution that automatically changes the user’s password every 30 seconds.

To complete an ACH or wire transaction under the new system, users simply combine:

Their secret password (something they alone know).
The token codes generated by the authenticator, a convenient hardware device small enough to attach as a keychain (something they have).

The result is a unique, one-time-use passcode that is used to positively identify or authenticate the user. If the code is validated by the RSA SecurID^® system, the user is granted access to the feature. If it is not recognized, the user is denied access.

RSA SecurID^® authentication is built upon the Advanced Encryption Standard algorithm, a recognized standard that is continuously scrutinized and challenged by cryptologists around the world.