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Reverse Positive Pay
Reverse Positive Pay presents all checks to the business each day by
9:15 A.M. Each check is considered an exception item and is presented
in the Exception Report. The business then reviews each item and
internally compares the checks to their check register. Should the
business notice any items that are not approved, they simply make the
decision to return and submit. The review must take place every day and
completed by 12:00 P.M. CT.
Unlike Payee Positive Pay and Positive Pay, the business must check
each clearing item every business day for this product to be effective.
Any items not returned by 12:00 P.M. CT will be paid.