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.
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.