prospect-wiki Add Your Business
Checkrun

Positive Pay

Banking & Financial | Check Printing Software

Product Overview

Positive Pay

Positive Pay is a widely-used fraud detection tool that can help protect your business from unauthorized checks and fraud. It allows banks to detect altered and counterfeit checks before they are cashed. The system acts as a form of insurance for a business against fraud, losses, and other liabilities. Positive Pay is offered by most banks and ensures your money and your payments are protected. Banks use Positive Pay to match the checks a company issues against those that are presented for payment. It does so by verifying the check number, account number, and dollar amount of each new check against your check issue file provided to the bank. In many cases it also matches the Payee name as well. If the check details do not match, it is sent back to the issuer for review and verification.


Specifications

Check Verification

Every check presented for payment is verified against your positive pay data file provided to the bank. This includes checks presented at the teller line and those processed at the bank office. Positive Pay will prevent payment of duplicate checks and protect against lost, stolen or altered checks as well.

Fraud Control

Positive Pay dramatically reduces the chance of you becoming a victim of check fraud – putting you one step ahead of the criminals.

The Decision Is Always Yours 

You always have the final call with Positive Pay. Questionable payments are flagged by your bank before the funds are drawn from your account. Your business can always decide whether to accept the check or not.

Checkrun’s fraud prevention services

Checkrun’s Positive Pay Service helps prevent check fraud and strengthens internal controls by making it easy to generate and export positive pay files that are formatted to your bank’s specifications. It comes pre-configured with over 200+ bank positive pay formats and can support QuickBooks Pre-prints, Blank Check Stock, and our Print and Mail Service.

Checkrun is the leading check management application, integrating services for Positive Pay and offers other levels of security for your protection:

Data encryption

Workflow approval process

Warning notifications

User permissions

Event logs

Secure audit trails

The Checkrun Solution: Positive Pay

As soon as you print your checks within Checkrun, all of the check data – from QuickBooks Online – is captured. Checkrun instantly converts the data into your bank’s positive pay specification. You can easily export the files from Checkrun for transmission or upload them to your bank. The positive pay files include all of the pertinent details that the bank will use to protect your business from fraudulent activity and the risk of financial loss.

Eliminate the hassle of Positive Pay file creation

If you are implementing Positive Pay because of a recent fraud occurrence or because you are at higher risk of check fraud, Checkrun solves your problem by creating positive pay files as you print your checks.

Simplify Positive Pay set up with your bank

Easily print checks - then download the positive pay file for your bank

Utilize over 200+ bank positive formats

QuickBooks preprints and blank check stock supported

Easy-to-use payment platform - never be locked into one payment type

Prevent check fraud with Positive Pay

Positive Pay is the bank’s best defense to help prevent check fraud by examining every check presented for payment. Positive Pay compares and verifies the checks your business issues to the checks presented for payment against your account. The bank will notify you of any discrepancies. When used together with high-security check stock, Positive Pay can dramatically reduce your businesses’ risk of fraudulent activity and payment fraud.

Add Review

Quality
Facilities
Price
Service
Your Score

Location

Prospect Wiki Ad

Location for : Listing Title