What is Positive Pay?
Positive Pay is an automated cash management service used by business customers to deter and detect fraud. There are two types of Positive Pay - Check Positive Pay and ACH Positive Pay. With Check Positive Pay, the goal is to prevent check fraud by matching the checks you issue as a company with those presented for payment. If a check is considered suspicious, you are notified to review the check and determine if it should be paid. ACH Positive Pay allows you to monitor ACH debits and credits posting to your account. You can make decisions about those ACH transactions, reducing the risk of potential fraud.
To learn more about Positive Pay or if you would like to enroll in the service, contact Anne Di Santo, Vice President/Cash Management Officer, by phone at 610.973.8165 or email at firstname.lastname@example.org.
Check out the videos below to learn more about these valuable services.
Check Positive Pay