Jefferson Bank Your Business Guide to Online Banking

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Positive Pay

Positive Pay- Introduction

Positive Pay is a business feature that helps minimize or eliminate check fraud, prevent related losses and simplify your account reconciliation. With Positive Pay, you submit an electronic file each day detailing business- issued checks. As each check is presented for payment, the Positive Pay system electronically compares it to the information in your file. If an item does not match the record you provide, it is flagged as an exception and referred back to you for a payment decision. In the Cash Management tab, click on Positive Pay .

Positive Pay: Positive Pay- Introduction