Kitsap Bank Cash Management User Guide

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Positive Pay Quick Exception Processing

The Positive Pay system sends you an e-mail notification if there are any exceptions to review. Exceptions represent items that do not match checks issued by the client to the bank, requiring client review of all items. The Exception Type provides the reason why it was flagged as an exception: • Duplicate Paid Item : Item was previously paid. • Paid Not Issued : Bank was never notified of the item issuance. • Stale Date Item Paid : Item was issued longer than 180 days ago (configurable). • Stop Pay Request Match : Item matches a stop payment. • Voided Item : Item was previously voided.

Note : Decisions on exceptions must be made by 11:00AM PST. Any items left undecisioned are RETURNED “Refer to Maker” per the Positive Pay agreement.

Positive Pay: Quick Exception Processing