Business Solutions: Positive Pay

Positive Pay is the most effective fraud-fighting tool available today. Our automated check-matching service guarantees the highest level of checks and balances to virtually eliminate your exposure to check fraud.

How Positive Pay works:

• You send BankFIRST a Positive Pay file that lists all checks written against your account(s) including check issue date, amount, check number, account number, and payee name (Note: Checks converted to ACH are not covered by Positive Pay)
• As checks are presented for payment, BankFIRST compares each check against the Positive Pay file
• Any discrepancies are brought to your attention to make a payment decision
• Positive Pay has the added benefit of being a time saving tool in the reconciling of accounts.