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Positive Pay Overview
The Positive Pay Account Reconciliation Service allows you to view and
compare checks presented for payment against an electronic check issue
file to identify fraudulent items. You can enter your issued checks directly
into the positive pay system or upload an issue files from your computer.
Presented checks are compared against the list of checks you have issued
on a nightly basis, ensuring the information contained matches the issued
check entered. When a discrepancy between the presented check an issued
check is detected, it is flagged as an exception. The system notifies you
of any exceptions via email, allows you to view images of the checks and
exceptions, and then allows you choose to either pay or return the items.
Features for setting up the Positive Pay Reconciliation Services are listed
as follows:
The Company Administrator has been given primary access to process
Positive Pay (
Reconciliation Service
). If an additional sub- users needs
to process Positive Pay, the Company Administrator will need to grant
them access under the Administration menu by selecting the following
options from the list of accounts permissions under the users profile
and click update.
Upload Issued Checks –
allows you
to upload an issued file.
Enter Issued Checks –
allows you
to enter issue items manually.
View Issued Check Register –
displays a history of the issues you
have submitted (input or uploaded)
and you can reconcile account
information and view exceptions.
Positive Pay Decision Exceptions –
allows you to view exceptions and
submit decisions (Pay or Return)
through Commercial Online Banking.
Exception items are updated with
the decision information selected.
Note:
Additional documentation is
required for access to this feature.
Contact your account officer for
more information.
1
8
Reconciliation Exceptions
(Recon
Excpts)
and
Reconciliation Issues
(Recon Issues)
options.
2
8
Under the
Reconciliation
Services
feature, select the
options (
if applicable
)
Allow
Reconciliation, Issues Register
Input, Issue Register, File Upload
and Exceptions Processing
in
order to process Positive Pay.
Note:
The Company Administrator and
each sub-user who has been granted
access will receive an email notification
when you have Account Reconciliation
Exceptions to be processed; therefore,
it is not recommended that you select
Suppress Exceptions Notification
.