TUTORIAL | WHY USE POSITIVE PAY? | OTHER SERVICES TO FIGHT CHECK FRAUD
ENHANCE YOUR BUSINESS' SECURITY
WITH POSITIVE PAY CHECK VERIFICATION
PROTECT YOUR BUSINESS FROM CHECK FRAUD
In today's fast-paced financial environment, businesses face increasing threats from check fraud. Positive Pay Check Verification is an effective tool that helps mitigate check fraud and safeguard your business' finances.
Stop check fraud in its tracks. Review presented checks in real time with Positive Pay.
Review All Checks Presented
If you write under 50 checks a month,
get notified and verify checks daily.
Check Info File Upload
If you write over 100 checks per month,
upload us a file to manage presentments.
WHY IMPLEMENTING POSITIVE PAY
IS ESSENTIAL TO YOUR BUSINESS
Protect your business as checks clear your account. Learn more on this easy to use process below:
The Benefits of Positive Pay:
Fraud Prevention: As the business owner, you get to approve issued checks against those presented for payment, minimizing the risk of unauthorized checks from being cleared on your account.
Email Alerts: You'll receive email notifications when checks are presented requiring you to take action. We can set up daily email alerts so you know when you don't have presentments and when you do.
Improved Cash Flow Management: You will gain better visibility into check payments and outstanding checks, enabling more accurate cash flow forecasting.
How Positive Pay Works:
Check Presentment Process: If you write a small number of checks per month (less than 50), reviewing them when presented is the most efficient way to use Positive Pay. When a check is presented for payment, you'll receive an email notification at 8:00 AM notifying you to authorize presented checks, deciding if they should be paid or returned.
Check File Upload Process: If you write a large amount of checks per month (50 or more), you can upload a file of issued checks, including check numbers, amounts, and payee names. The bank's system compares presented checks against your issued file. You are alerted if there are dependencies requiring you to make a decision to pay or return. This is an easier way to manage a large number of checks.
Why Choose Positive Pay?
Comprehensive Protection: Help us help you fight fraud. Positive Pay empowers you to fight check fraud, including forgeries, counterfeit checks, and alterations. You can view each presented check so you know exactly if it is yours or not.
Peace of Mind: Have peace of mind that your business will not be disrupted with a fraudulent check and knowing you have robust security measures in place to protect your financial interests.
Keep Your Current Account(s) Open: If you become a victim of check fraud, your existing account will need to be closed. Positive Pay can save you from the hassle of opening a new account, which may cause ACH and direct deposit issues.
Get Started Today!
Consultation: Reach out for a free consultation on how Positive Pay can be integrated into your daily routine.
Implementation: Our dedicated team will guide you through setup and training to ensure seamless adoption.
OTHER SERVICES TO HELP
PROTECT YOUR ACCOUNTS
Using Positive Pay Check Verification to safeguard your business from check fraud is essential. FCBT also offers a few other services that will also help you fight check fraud and stay up to date on what is happening with your accounts.
First eBiz Mobile: Add another way to approve checks using First eBiz Mobile on your smart phone. With First eBiz Mobile, you can approve checks in Positive Pay even when you are away from your office. Learn more about First eBiz Mobile.
First eAlerts: Set up real-time alerts to be notified when a check clears your account, when there are debit card transactions (if applicable), when there are ACH or withdrawals made to your account and many more alerts. Learn more about First eAlerts.
ACH Payments: Work with your vendors to accept your payments via ACH. With no checks being sent in the mail, sending money via ACH is more safe. Contact us for info on setting up ACH.
Security
Protecting your information and your accounts is our highest priority. With the use of encryption, firewalls and trusted operating systems incorporated into our overall banking network, best efforts have been made to secure your transactions. Using a service like Positive Pay only helps to secure your accounts from fraud. We are all in this together.
Need assistance with Positive Pay?
Contact us at (708) 946-2246 or (708) 258-0530 or send us an online message using the form below.