Positive Pay

The check reconciliation feature through Online Banking (also known in the industry as Positive Pay) is a strong defense against check fraud.  This feature allows a commercial user to maintain a detailed list issued details, such as check number, payee and amount which will be compared to their daily in-clearing checks.  

The system generates a daily report listing any discrepancies between your company’s issued check items and the cleared items.  You can review the exception items identified and make a decision whether the check should be paid or returned to the depositor.  

How it Works

  • Your company transmits a file containing the checks issued prior to distributing.
  • Checks are presented and compared against your company file looking for a match in check serial numbers and or amounts.  
  • Checks that do not match become suspect and are manually examined for encoding or misread errors.
  • Suspect checks are reported to your company online and the company advises the bank on how to proceed (pay or not pay).

For more information or to sign-up for this service, please visit your local branch or call 410-820-6840 or toll free at 888-820-6840.