If your business issues checks frequently, consider enrolling in Presence Bank’s Positive Pay Check Protection Program to streamline your finances. We offer this solution to entities of all sizes, helping them improve transaction security.
Positive Pay mitigates fraud by validating your specific check details and paying exactly what you intended.
Positive Pay requires you to submit a list detailing issued checks, with information such as payee names, dates, dollar amounts and check and account numbers. When someone deposits or attempts to cash a check, the bank will compare it to this information to ensure it matches.
If it encounters a discrepancy, the bank flags the check and withholds payment, then informs you. After reviewing the check, you can decide whether to authorize or cancel the payment.
Safeguard your business with these advantages:
Positive Pay is available through Presence Bank’s cash management department for physical and Automated Clearing House (ACH) checks. You can access this solution on our online platform.
Explore features such as:
You can feel confident choosing our Positive Pay Program because we offer the following advantages:
Consider Presence Bank’s Positive Pay solution if you’re looking to streamline business check payments. You can also enroll in this service if you already have a business account with us.
With over 100 years of experience in the financial sector, we have the expertise to deliver banking services that meet your needs. Contact us online to learn how we can help you authenticate checks. You can also visit us at any of our Pennsylvania branches.
