Positive Pay
Positive Pay reduces your exposure to fraud risk by identifying counterfeit or altered checks when presented for payment.
- Your company sends in a file of checks issued through Business Online Banking.
- Checks presented for payment are compared to your file by matching serial number and dollar amount.
- You’ll receive an exception report, along with images of the exception items, each day through Business Online Banking and instruct us to pay or return these exception items by the specified deadlines.