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Positive Pay

Reduce the risk of Paper Check or ACH Fraud

What is Positive Pay?

Positive Pay allows you to review paper checks or ACH debits that are presented each day on your account, detailing the items your business has authorized.  Any discrepancies are flagged and reported through a special email alert and in Bank7 Business Online Banking. Through Business Online, you can see an image of a flagged check or ACH transaction, and make an online “pay/no pay” decision.

Paper Check Positive Pay Features:

  • You can send Bank7 a file detailing the checks that you have issued.
  • Each day, your issued checks are compared with the checks that are presented for payment against your account.
  • If a presented item does not match the MICR information contained in your issued items file, you will receive a notification of the exception item.
  • Positive Pay can detect duplicate items, amount differences, and items presented that are not included in your issued items list.
  • The decision window allows you sufficient time to review and research your exception items.

ACH Positive Pay Features:

  • You can approve items by amount and Company ID.
  • Each day, your pending ACH items are compared to the authorization you have selected for a certain company.
  • If a presented ACH does not match your approval list, you will receive a notification of the exception.
  • The decision window allows you sufficient time to review and research your exception items.

Benefits of Both:

  • Positive Pay service provides you the tools to detect and counteract Paper Check or ACH fraud.
  • Allows you to identify discrepancies before the posting of an item is finalized.
  • Minimizes the risk of loss due to fraud.
  • The Teller Line Positive Pay feature allows any Bank7 teller to verify or reject a check presented on your account
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For Questions or
Enrollment Information

Email Treasury Management or call 800-259-0921.

Please do not email sensitive information such as SSN’s, account numbers, etc., to Bank7.

Email is not a secure form of communication