Positive Pay
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Check & ACH Positive Pay is a
Cash Management service
offered for fraud protection.
Ready to learn more?
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- Check Positive Pay - The system matches the date, check number, dollar amount, and account number of each check presented against a list provided by the company to protect against forged, altered, and counterfeit checks.
- ACH Positive Pay - The system allows ACH items presented on the account to be approved or rejected and can automatically approve ACHs from creditors and debtors included on a provided exceptions list; protecting the company against scams.
Positive Pay Process | |
CHECK |
ACH |
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| 1. Enrollment | Companies who are participating in Cash Management services are eligible to enroll in positive pay services with Artisans’ Bank. |
| 2. Providing Details |
When a company distributes a batch of checks, it also uploads a list to the online banking system. This list includes essential check details such as:
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During enrollment and whenever a new “trusted” creditor or debtor is recognized a list of information can be provided to the bank. This includes:
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| 3. Comparison & Flagging |
The bank cross-references the checks presented for payment against the company’s approved list. If any check doesn’t match the provided information, the bank flags it. |
The bank cross-references the ACHs presented onto an enrolled account against the list of “trusted” creditors and debtors provided. If any ACHs don’t come from the list of “trusted” creditors and debtors, the bank flags it. |
| 4. Decisioning |
The bank includes items for decisioning within the check & ACH positive pay portion of online banking. The company then decides whether to accept or reject the flagged items. |
| 5. Fraud Prevention |
Positive pay acts as a form of insurance against fraud, losses, and other liabilities to the account owner and bank. It prevents forged, altered, and counterfeit checks from being honored and stops unauthorized ACH items from being processed. |
“Businesses that participate in Cash Management as well as ACH + Check Positive Pay can have more confidence that the transactions they process are as they intended, without needing to double-check or revisit them for fear of fraud. In today’s digital world, secure processes are vital for small business owners.”
– Wendy Brennan, Branch Manager
Artisans' Bank offers a comprehensive line of business services to our Cash Management clients. Learn more about the services we provide by reaching out to one of our Relationship Managers.
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We are here (in person and online) to be your partner and advisor wherever life takes you, your business, and your family, no matter your financial goals.
Interested in learning more about other products or services we offer and how they might benefit your business? LET'S TALK!
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