NCB National Cooperative Bank Treasury 24/7 User Guide

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Positive Pay

Positive Pay is a business feature that helps minimize or eliminate check and/or ACH fraud, prevent related losses and simplify your account reconciliation. With Check Positive Pay, you submit detailed information about each check that you issue (either manually or through file upload). As each check is presented for payment, the Positive Pay system compares it to the information in the system. If an item does not match the record you provide, it is flagged as an exception and presented to you for a payment decision. ACH Positive Pay presents items debiting your account to you for decision if they do not match your defined ACH Authorization Rules. In the Business Banking tab, click Positive Pay . Introduction

Note : The default action for exceptions is dynamic and will conform to your selected default whether it be Pay or Return.

Positive Pay: Introduction