This fraud prevention service offers electronic comparison of the checks your business issues each day and/or incoming ACH items with the items clearing your account. Discrepancies are flagged and reported to help identify fraud and to prevent check altering and forgery.
Benefits and Features
Detects check fraud by verifying check numbers and payment amounts of incoming items against a file that you provide
NEW! The system now has the ability to compare payee names for additional verification, available as an add-on to our standard Positive Pay service
Monitors ACH transactions against the parameters set by you
You control whether or not to pay a check or ACH payment
Reconciliation capabilities help eliminate accounting errors