PRO-TECH ACH Positive Pay
Our ACH debit filter helps protect your funds, allowing only ACH transactions from the parties you authorize to debit your bank account.
Features of our ACH Positive Pay
Protect yourself against fraudulent checks:
Positive Pay saves you the hassle that arises when forged or altered checks clear your bank account. PRO-CHEX makes it easy to protect your account against check fraud. No matter how big or small your business, if you use checks, you’ll benefit from the security of Positive Pay.
Benefits & features of Positive Pay
Types of Check Fraud that Positive Pay Prevents
If your business hasn’t been a victim of check fraud yet, it still can be. Check fraud is a costly problem for businesses. According to the 2019 AFP Payments Fraud & Control Survey, 70% of organizations have been exposed to check fraud. Common types of check fraud:
How Positive Pay Works
Upload a file with information on checks you issue and Positive Pay ensures the checks paid on your account match. This procedure prevents outside unauthorized checks from being processed. You are notified of check discrepancies and can determine whether to pay or return them.
Protection from suspicious check activity:
Reverse Positive Pay is a fraud management tool that simplifies account reconciliation activity related to checks presented for payment.
How it Works:
The difference between Reverse Positive Pay & Standard Positive Pay
Reverse Positive Pay:
Typically well-suited for small business customers who issue fewer checks, or large business who may want to use it for a less active account without the ability to submit check issue files to the bank. Receive an alert to notify daily if checks are being presented. Simply review images of all checks that are presented to your account the previous banking day online and return any payments that appear fraudulent.
Standard Positive Pay:
Suitable for businesses of all sizes and provides fraud detection for checks presented matching payee, check number, issue date and amount. This service requires you to send an electronic file of checks issued to the bank.