Paragon Bank Cash Management Online Banking User Guide

28 / 42

29 |
The Positive Pay feature allows you to compare checks presented for payment
against an electronic check issue file to identify fraudulent items. You can enter
your issue records directly into the positive pay system or upload an issue file from
your workstation. The financial institution compares checks presented for payment
against your issue file on a nightly basis, notifies you of any exceptions via email,
allows you to view images of the checks and instruct the system to either pay or
return the items. Please contact your relationship manager or customer service for
additional information.