How it works:
- Each day you upload a file with the information from the checks you have issued.
- When a check is presented against your account for payment, it is verified against the information provided.
- If the check is a match, the check clears.
- If the check is not a match, it will reject and post to an exception report. You will have the opportunity to review the item and make a decision if the check should be paid or not.
Using Positive Pay gives you increased control and helps reduce the possibility of fraudulent checks clearing your account.