Account Reconcilement - Positive Pay
High volume commercial checking customers benefit greatly from this service. By comparing check issue information with data captured during check processing, we can detect items that do not match. We then generate a daily exception report for you to review. This service is also known as a “positive pay" method.
Features and Benefits
- Deters check fraud
- Provides you with the security of knowing that checks being paid are actually checks (and correct amounts) you issued
- Monthly account reconcilement reports, in a file format, provide paid and outstanding check information
To learn more about Account Reconcilement/Positive Pay products, check out the Business Banking Demo.