What are Positive Pay Services?
Positive Pay is an automated fraud prevention tool that helps businesses better protect against check and ACH fraud. It works by comparing each transaction presented for payment against a list of transactions your business has previously authorized. If a check or ACH item is missing from the list, contains altered details or does not match your records, the system flags it and sends an exception notice for your review. This proactive approach helps safeguard your accounts and ensures only valid payments are processed.