Positive Pay is a powerful tool for businesses to protect themselves from fraud.
Positive Pay makes it easy to monitor your business account for unauthorized transactions. We offer Positive Pay for both checks and ACH to minimize your exposure to check and ACH fraud.
When your business enrolls in Positive Pay, you will receive notifications when potentially unauthorized withdrawals are detected. Positive Pay makes it easy to review these transactions and promptly return any unauthorized payments to limit your business' liability.
Check Positive Pay
First Farmers & Merchants Bank offers two types of Check Positive Pay.
Standard Positive Pay matches checks issued by your business with checks that are presented for payment. Any discrepancies (i.e. check was previously presented, amount of check is different, payee name is different, etc.) are flagged as an exception to be reviewed.
Reverse Positive Pay is typically used by businesses who do not issue many checks. All checks presented for payment are flagged as an exception to be reviewed.
With both Standard and Reverse Positive Pay, you review any checks flagged as exceptions and decide if the check was legitimately issued and should be paid, or if the check was unauthorized and should be returned.
ACH Positive Pay
ACH Positive Pay monitors incoming ACH Debits (withdrawals) that are originated by other parties. Your business will determine which vendors are authorized to debit your account and can set additional parameters such as maximum amount and frequency. Any ACH debits that do not meet this criteria are flagged as exceptions for your review.
For Positive Pay resources, visit our Business Help Documents page.