POSITIVE PAY & ACCOUNT RECONCILIATION
A powerful fraud prevention tool for your business
When checks are presented for payment, the system automatically alerts you by email or text if check exceptions require review and a decision to pay or return. View images of questionable checks, analyze reconcilement reports, submit electronic check files in a secure online banking environment. Since an issued check file is provided to us, our Positive Pay system also generates on-demand Account Reconciliation of your check activity.
Features & Benefits:
- A Secure platform through online banking manages all interaction and eliminates the need to install software. Online exception management and notification enables you to make pay or return decisions with ease.
- Automated email or text notifications to multiple staff members when check exceptions require review.
- Images of exception checks available.
- Automated processing of submitted check files and the ability to enter checks manually.
- Payee Line verification.
- Submit one file online for multiple accounts.
- Includes access to Automated Check Reconciliation reporting and export of issued, paid, and outstanding checks.
- Reduced risk of financial loss protects your company’s reputation.
- System Default can be set to Pay or Return items after if decisions are not made by the cutoff time expires.
Quick Reference Guides
*Subject to additional terms and conditions and/or credit approval as applicable and/or fees.
