Treasury & deposits
Positive Pay
A fraud-control service that compares presented checks or ACH debits with customer-authorized activity.
Buying context
Why it matters
Positive pay can prevent unauthorized payments only when issue files, matching rules, exception deadlines, and decision authority work together. Defaults and missed decisions deserve as much attention as matching accuracy.
Due diligence
Questions to ask
- Which check fields and ACH attributes are matched, and how are tolerances configured?
- What is the default decision when a customer misses the exception deadline?
- How are issue-file failures, duplicate submissions, corrections, and late files reported?
- Can the bank prove who reviewed an exception, what image or detail they saw, and when they decided?
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