Positive Pay Solutions: Advanced Check Fraud Prevention System

Protect your business from check fraud with automated verification and real-time monitoring

What is Positive Pay?

Positive Pay is an automated check-matching service that helps prevent check fraud by comparing checks presented for payment against a list of checks previously authorized and issued by your company. This sophisticated fraud detection system acts as a gatekeeper for your business checking account.

Core Features:

  • Real-time check verification against issued check files
  • Automated exception handling and notification system
  • Multi-point validation including check number, amount, and date
  • Integration with major banking platforms

ROI Calculator

Enter your average monthly check volume
Enter your average check amount
Industry average is 0.1% to 1%

How Positive Pay Works

Check Issuance Recording

Secure recording of check details including:

  • Check number
  • Issue date
  • Amount
  • Payee information

Data Transmission

Automated secure file upload to bank systems:

  • Encrypted data transfer
  • Multiple file format support
  • Real-time synchronization

Verification Process

Automated check matching:

  • Multi-point validation
  • Image verification
  • Signature verification

Exception Handling

Comprehensive exception management:

  • Real-time alerts
  • Online decision making
  • Audit trail maintenance

Benefits of Positive Pay

Fraud Prevention

Reduce check fraud attempts by up to 95% through automated verification and real-time monitoring of all check presentations.

Cost Savings

Minimize financial losses from fraudulent checks and reduce manual verification costs by implementing automated checking processes.

Operational Efficiency

Streamline check processing operations with automated matching and exception handling, reducing manual intervention requirements.

Risk Management

Enhance your organization's risk management framework with sophisticated fraud detection and prevention mechanisms.

Implementation Guide

Technical Requirements

  • Compatible banking relationship with Positive Pay services
  • Accounting software that can export check issuance files
  • Secure internet connection for file transmission
  • Staff training for exception handling

Setup Process

  1. Banking service enrollment and account setup
  2. Software configuration and testing
  3. Staff training and procedure documentation
  4. Initial file upload and verification
  5. Go-live and monitoring