Fraud is rampant in today’s society. Protect yourself with positive pay. Need a bank account with postivie pay? We can help.
What is Positive Pay?
Positive pay is a fraud prevention tool offered by financial institutions to their business customers to prevent unauthorized checks from clearing their bank account. When issuing a check, or a batch of checks, companies submit a positive pay file to their bank or financial institution. If an unissued check is presented, an exception is generated and the account holder notified.