126 Positive Pay Positive Pay: Introduction Positive Pay is a business feature that helps minimize or eliminate check fraud, prevent related losses and simplify your account reconciliation. With Positive Pay, you submit an electronic file each day detailing businessissued checks. As each check is presented for payment, the Positive Pay system electronically compares it to the information in your file. If an item does not match the record you provide, it is flagged as an exception and referred back to you for a payment decision. In the Services tab, click Positive Pay. Introduction Note: The default action for exceptions is dynamic and will conform to your selected default whether it be pay or return.
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