What is Positive Pay ?

Positive Pay is a simple and effective system for eliminating the most common types of check and ACH fraud. It works by comparing the known information about each check or ACH presented to us for posting. If any of the details don't match (a discrepancy in the check amount, for example) the check or ACH is flagged and presented as an exception. You can then review the check or ACH to determine if it should be paid or returned.

How does Positive Pay receive the check and ACH information?

After you issue a batch of checks in your accounting program, you simply export the information about those checks into a file. The file is then uploaded into Positive Pay . ACH transactions are automatically uploaded when they are received for posting.

What are exceptions?

Exceptions are items that are presented for posting that do not match the check information or ACH rules you provided. For example, the amount, date, payee or account on which the item was drawn are different from what you reported.

What do I do with exceptions?

You can review the exception to determine if the item is legitimate. If it is, you instruct us to pay it. If not, you return payment of the item.

Do I have to review every transaction?

No. You will only need to review and act on those items that are flagged as exceptions.