Protect your business against check fraud. Check fraud is the leading type of payment fraud today. Businesses and organizations are the primary targets of check fraud professionals. It’s a growing problem that costs billions of dollars each year. Positive Pay provides the peace of mind that only authentic, authorized checks will be paid from your accounts.
- Positive Pay helps protect your account from counterfeit duplicate, and altered checks.
- First Merchants Business Online Banking is real time, so your account is protected as soon as we receive your issue file and items.
- Checks presented at our teller windows are also matched against your issue file to determine whether or not the item should be cashed.
- Check issue files may be submitted in several formats for your convenience.
- Submit check issue information 24 hours a day, 7 days a week via Business Online Banking.
- Upload a file of issued check or input items individually.
- Can be easily integrated with account reconciliation programs.
- Saves you the time, money, and worry involved in dealing with check fraud.
Payee Positive Pay - When you submit the payee name with each item issued, we will match this field with your presented items for additional protection.
Reverse Positive Pay – With Reverse Positive Pay, every check presented is considered a Suspect. Through the online system, you decide to pay or return each item.
First Merchants offers The Strength of Big, The Service of Small. With a broad product suite and experienced professionals to deliver superior service, we offer customized solutions to effectively manage cash flow for any size and type of organization. For more information, call our Business Solutions team at 1.866.833.0050. We look forward to working with you.