Exchange Bank Business Digital Banking User Guide

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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 business- issued 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 Commercial tab, click Positive Pay .

1 PM CST.

Note : The default action for exceptions is dynamic and will conform to your selected default whether it be pay or return.

Positive Pay: Introduction

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