Studio Bank A Guide to Commercial Online Banking
80
Positive Pay
Introduction
Positive Pay is a business feature that helps minimize or eliminate losses related to check fraud and simplify your account reconciliation. The Positive Pay system electronically compares daily business-issued checks with existing check records. When a check is presented for payment and does not match the provided record, it is flagged as an exception and referred back to you for a payment decision.
Positive Pay: Introduction
Made with FlippingBook - professional solution for displaying marketing and sales documents online