Our default is to return the exception item. Q: What reports are available? The Positive Pay system provides several reports including: outstanding issued checks cleared checks exception items voided and stopped items stale dated checks In addition, a maintenance activity log is available which lists...
written daily. When checks are presented for payment on your account they are compared electronically with the transmitted list. When a check doesn’t match one in the file, it becomes an exception item and your business can review the images throughInternet Bankingbefore they are paid or ...
Positive Pay means your business transmits a file of checks written daily. When checks are presented for payment on your account they are compared electronically with the transmitted list. When a check doesn’t match one in the file, it becomes an exception item and your business can review ...
Exceptions are identified and reported to you via daily e-mail notifications so that you can log on to Beacon Business Online Banking, review the exception item(s) and instruct the bank to pay or return the check before the cut-off time 11:00a.m. PST. ...
IBC's Positive Pay service provides you with the tools to detect and counteract potential check fraud Allows you to identify discrepancies before the posting of an item is finalized Simplifies your daily process of exception item handling Minimizes the risk of loss due to fraud ...
Reverse Positive PayRather than upload checks, each item is presented to the bank as an exception for you to determine if it gets paid on the next business day.ACH Positive PayThis solution gives you the ability to set up ACH parameters to monitor ACH debits. These could be dollar amount ...
and dollar amount of each check presented for payment against a list of checks authorized and issued by your business. All of these components must match. If a discrepancy is detected, the item will be flagged as an exception and presented for review and payment decision. Positive Pay can als...
and dollar amount of each check presented for payment against a list of checks authorized and issued by your business. All of these components must match. If a discrepancy is detected, the item will be flagged as an exception and presented for review and payment decision. Positive Pay can als...
When a check or electronic debit is presented that does not have a “match” in the file, it becomes an “exception item.” The bank will send an alert notification of any potentially fraudulent transactions of non-approved items. You will be able to review the item and instruct the bank...
banks charge a flat fee for every item they may have to verify. Still, there are other banks that offer it for a monthlyservice charge. These banks may offer a limit to the number of transactions they'll verify or they may provide unlimited positive pay services...