How does Positive Pay work?
- Log into Positive Pay and key the check number, date issues, check amount, and payee name of all check written or issued for the day
- We’ll match the check number and amount of the check issued with the check presented for payment
- Any discrepancies in a check’s information triggers a red flag that the check might have been altered
- You’ll review the check for any discrepancies and decide if the check is authorized for payment
Add an extra layer with Payee Positive Pay
If you need a higher level of defense against check fraud, you can add Payee Positive Pay to your existing Positive Pay solution. The payee on the check image is read through a highly specific algorithm, verified, and compared to the issued file you provide.
Payee Positive Pay uses advanced technology to analyze each check’s handwriting and the “Pay To The Order Of” line.