Positive Pay & Account Reconciliation Accent Photo

Positive Pay & Account Reconciliation

The impact of check fraud can be hard on any business. With millions of checks clearing through payment systems each day, businesses don’t have the time or resources to inspect each one – and yet, it’s a threat that cannot be ignored.

ERIEBANK has the answer. Introducing Positive Pay Plus – the powerful, proven solution to combating check fraud. As an early warning fraud detection system, Positive Pay Plus arms your business with the information needed to stop check and ACH fraud before it becomes a loss. Positive Pay Plus allows you to electronically share your check register for all written checks with ERIEBANK. We will only pay the checks listed on the register – with the precise specifications that you indicate – such as amount, serial number, etc.

Special Features

  • Reduces fraud – We only process what you tell us to, so fraudulent checks can be reviewed and rejected
  • Saves time and money – Reduces labor associated with manual check prevention measures
  • Convenient reminders – Get notices via email and/or texts when an item needs to be reviewed prior to being paid
  • Puts YOU in control – Provides more accuracy and greater control over your cash flow
  • Offers quick and easy access – Issue checks and ACH transaction and approve Positive Pay Plus exception items from virtually anywhere through Internet access

 

Want to learn more? For more information about Positive Pay, contact your business banking specialist by calling 814-868-7523.

Contact Us Today!

For specific questions about our Treasury services, email John VanTassel, our Treasury Services Officer at John.VanTassel@ERIEBANK.bank

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