Positive Pay Check Fraud Protection
Check matching prior to payment verification.
Positive Pay protects your company’s checking account against potential check fraud by allowing you to detect certain types of check fraud quickly and efficiently. Through Community Connect, Positive Pay provides security and control by an electronic system that matches clearing items against your file of issued items to confirm a check is valid for payment.
Positive Pay matches all items presented for payment against your current submitted issue file information. Each morning you will be notified and have the option to pay or return any exception items that do not match your issue file.
We will verify the following information from each item:
- Check Number
- Dollar Amount
- Payee Name (with Payee Positive Pay feature)
All checks presented for payment are verified, including checks presented at our banking centers. Positive Pay also protects your business against lost or stolen checks and prevents payments for duplicate checks. In addition, you may choose the added protection of Payee Positive Pay and have all payee names verified against your issue file.