Positive Pay
protect your account with positive pay.
Our cash management service, positive pay, protects businesses from fraudulent checks and ACH transactions, detecting suspicious transactions before processing. It safeguards bank accounts, offers peace of mind, and saves time balancing books.
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Fully Insured Deposits
Innovative Solutions
Trusted Advisor & Partner
Why Choose Positive Pay?
Positive Pay offers comprehensive protection against fraud, helping to safeguard your business’s financial assets. The benefits include:
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- Streamlined Operations
Positive Pay enhances operational efficiency by automating fraud detection, simplifying the protection of your business’s finances. - Positive Pay for Checks
Set parameters to control which checks can be processed, allowing you to verify and approve checks before they clear. - Check Payee Match
This feature verifies payee names on checks against your records, ensuring only authorized payments are processed and reducing financial risk. - ACH Capabilities
Monitor ACH transactions and flag suspicious activity. With Positive Pay for ACH, you can set rules to control automated withdrawals and define limits for added security.
- Streamlined Operations
Key Benefits to Positive Pay
Cost Savings
The financial impact of fraud can be devastating for small businesses. Positive Pay helps mitigate these risks, potentially saving your business thousands of dollars.
Account Reconciliation
Save time balancing your account with reconciliation reports on available balances and outstanding checks. Positive Pay streamlines monthly account reconciliation, making it easier to stay on top of your finances.
Enhanced Fraud Protection
Positive Pay provides an added layer of defense, significantly reducing the risk of ACH or check fraud and ensuring your accounts remain secure.
Who needs Positive Pay?
Positive Pay is a powerful cash management tool that minimizes fraud risk for businesses that issue checks. It’s particularly beneficial for small and medium-sized businesses, non-profits, and organizations with smaller accounting teams that face challenges in segregating duties during the disbursement process.
With Positive Pay, clients can review their disbursement listings while signing checks and upload them directly to the bank, minimizing the risk of check alterations. ACH Positive Pay provides similar protection for electronic transactions, offering an additional layer of security for managing payments.
Companies that handle large transaction volumes or rely on checks for payments will especially benefit from this added protection.
Manage Your Finances With Ease & Confidence
Discover a full suite of cash management tools designed to streamline and optimize your business’s financial flow. Explore how we can help keep your business moving forward.