Positive Pay provides an extra layer of protection to protect commercial accounts against forgery, altered checks, and counterfeit checks. It allows the bank to verify checks presented against a file the customer submits of their outstanding checks daily.
- Fraud Control – you get enhanced ability to identify and return fraudulent items.
- Check Verification – all checks presented for payment are verified. Positive Pay also protects against lost, stolen, and duplicate checks.
- You decide whether to pay a check or not – Make decisions about whether to pay or return exception items.
*This is a FREE service.