Each time you issue a company check, you're vulnerable to the possibility of check fraud — whether by outright theft, alteration, or forgery.
With Positive Pay you can reduce your exposure to fraud and gain the peace of mind that comes with knowing that suspicious items can be detected before funds leave your account.
Positive Pay detects:
- counterfeit items
- duplicate serial numbers
- voided checks or stolen checks presented for payment
- checks with altered amounts or altered payee lines
Stay informed and streamline your reconciliation process with Positive Pay's reporting feature bringing you the most current information available on issued, paid, and exception items on your accounts.
Positive Pay is the most effective frontline defense against potential check fraud.