Positive Pay provides you with ultimate fraud protection while daily reconciling your disbursement activity. Online image interfaces enhance the benefits of our service.
Gain control over each day’s in-clearing checks. With our Positive Pay service you decide what items will pay. Electronically submit your register - we will match all items by check number and amount. Verify unmatched items online to approve or return. Positive Pay can eliminate your worries about fraud and give you a daily reconciliation.
Reverse Positive Pay
Reverse Positive Pay is similar to positive pay, but the process is reversed, with you maintaining the list of items issued to take an active role in closing the “window of opportunity” for criminals to embezzle company funds. You are made aware of exception transactions based on a file match from the bank file that is transmitted to you to match against your outstanding check records. So if you like the benefits of positive pay but want to perform the systematic match of paid items internally, ANB Bank can support your reverse positive pay needs.
ACH Positive Pay
ACH Positive Pay lets you define partners that are authorized to send ACH debits and/or credits for any, exact or maximum amounts, to your account. Any item that meets the criteria you establish will automatically post to your account. You are alerted to any exception transactions to your criteria, safeguarding you against fraudulent activity. Upon receipt of the rejected items, you can then return them or conveniently add filter criteria for future electronic transactions.