What is Positive Pay?
Positive Pay is a tool for business clients aiming to safeguard against check fraud, seamlessly integrated into your online banking service. It operates by cross-referencing checks presented for payment with a comprehensive list submitted by the business, detailing every check issued. Should any discrepancies arise, indicating potential fraud, these checks are flagged and promptly brought to the business’s attention for verification, thereby reinforcing security by preventing unauthorized transactions.
This system is meticulously designed to provide businesses with peace of mind, ensuring only legitimate checks are processed.
- Protect your business from check fraud.
- Keep your personal information safe.
- Protect your livelihood against fraud.
- Reduce risk of financial loss
- Safeguard the reputation of your business.