Designed to protect our business customers from check fraud, positive pay is a very simple yet effective concept. As checks clear the bank, they are cross-referenced to a database previously submitted by the business to insure a match of critical information (i.e. check amount, date issued, account number, etc.). Should an exception be discovered, the business customer is immediately notified.
Identical to the Positive Pay outlined above but specifically addresses ACH debit items.
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