Integrity Bank and Trust Digital Guide
98
Positive Pay
Positive Pay also known as the Transaction Authorization System allows business customers the ability to upload check(s), on a daily basis, or less frequently as the customer elects. The identification of debits or payments issued by the customer for purpose of monitoring and verifying the authenticity of such transactions. When a check is presented for payment and doesn’t match an upload or manually entered record, the item is flagged as an exception and referred back to the customer for a payment decision. Introduction
Positive Pay: Introduction
Made with FlippingBook - professional solution for displaying marketing and sales documents online