Positive Pay
What is Positive Pay?
Positive Pay is a fraud prevention tool that verifies check details with the bank. It costs $199 per month, and banks may charge an additional fee of around $45–$50 per month. The system also automatically updates banks on voided checks.
What is the use of positive pay?
Positive Pay is a service that provides fraud detection for checks by ensuring that only authorized checks are cleared by transmitting a list of issued checks to the bank via API, FTP, or Excel sheet upload. The system immediately notifies the bank ...
How to export the Positive Pay file?
Step 1: Log in to Online Check Writer and go to Bank Accounts. Step 2: Click Positive Pay in the top right corner of the page. Step 3: Click on the REQUEST NOW button. Step 4: The customer support team will verify and enable the feature. Step 5: ...
How to set the positive pay to protect your check from fraudulent activities?
Step 1: Log in to Online Check Writer and go to Bank Accounts. Step 2: Click the Positive Pay in the top right corner of the page. Step 3: Select the Bank and click the Set Positive Pay button. Step 4: Fill in the Details and click the Save button.