Check Positive Pay
Take the time to prevent fraud before it happens. When fraudulent checks are presented for payment, make sure you have the right tools in place to stop them.
Safeguard your business from check fraud — the most common form of payment fraud today.
With Check Positive Pay, your business maintains full control over check payments. Each check presented for payment is electronically matched against your submitted Issue File. Checks that match the details you have provided—check number, date, and amount—will be paid from your account. This ensures that unauthorized, altered, or duplicate checks are flagged as exceptions, giving you the power to approve or reject them before any funds are released.
Benefits:
- Safeguard your business - Only checks that exactly match your submitted Issue File are paid. Check issue files may be submitted in several formats for your convenience.
- Easily Manage Your Check Activity - Upload a file of issued checks or enter items individually—giving your business the flexibility to manage check payments in the way that works best for you.
- Streamline Reconciliation and Prevent Fraud – We can integrate with your reconciliation tools to automate verification, flag suspicious items, and save your business time, money, and worry.
Check Positive Pay Decision Timing – What You Need to Know
To ensure accurate processing and fraud prevention, all Check Positive Pay decisions must be made Monday through Friday between 8:00 AM and 3:00 PM ET. Decisions submitted during this window are processed the same day. This helps safeguard your business from check fraud—the most common form of payment fraud today—by ensuring you retain control over which checks are paid. Checks not acted upon within this timeframe will be processed based on your default decision (pay or return).
First Merchants offers a broad product suite and experienced professionals to deliver superior service, along with customized solutions to effectively manage cash flow for any size and type of organization. For more information, call our Treasury Solutions team at 1.866.833.0050. We look forward to working with you.
Contact First Merchants Treasury Management to discuss business fraud prevention.
