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.