Protect your business from theft with Positive Pay.
Positive Pay integrates with AIM+® and FinancialAccess, and communicates with banks to help prevent deceptive check cashing. Through the Positive Pay program, all checks presented against an account are compared to a list of issued checks. If a check is not on the list, it is researched and reported immediately. Since this list is updated daily, fraudulent checks are often discovered even before you reconcile your accounts.
Features:
- Reduces risk of counterfeit or altered checks cashed against your account
- Extracts check issues, voided checks and canceled checks from the AIM for Windows database and writes them to a file transmitted directly to the bank
- Eliminates the need to pay an intermediate company to re-format check data
- Automatically formats check files
- Allows file formats to differ for each bank ID
- Keeps a user-defined number of check files in case a file needs to be transmitted again
- Permits only certain users to access the program
- Runs automatically when scheduled; eliminating user intervention
- Can be accessed as part of the AgencySecure program or purchased separately
Benefits:
- Saves you money
- Protects your business
- Increases profitability