Positive Pay FAQ

Modified on Mon, Mar 21, 2022 at 4:36 PM

What is Positive Pay?

Positive pay is a fraud-prevention system offered by most commercial banks to companies to protect them against forged, altered, and counterfeit checks.

How does Positive Pay work?

A picture containing diagram

Description automatically generated

Positive Pay works by matching the dollar amount of each check, the check number and the account number that is presented for payment against checks that have been previously authorized and issued by your business. After submitting your payments, we will generate a file for you to upload to your bank. When the checks are deposited or cashed, your bank will compare the checks to our authorized check file in order to verify or decline the transaction.



How do I get Positive Pay?

Reach out to your account manager to get started. We will need to mirror our file to match your bank’s format.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article