Check Positive Pay
Protecting your account is a 24/7 job, and at American Bank & Trust, we don’t take that lightly.
Check Positive Pay is a fraud mitigation service that provides early detection of fraudulent, altered, or counterfeit checks through a daily verification of checks presented for payment against your check register.
Protect your accounts with Check Positive Pay
Our Check Positive Pay service helps prevent check fraud and strengthens your internal controls daily by comparing checks presented on your account against the checks you issue. It works by verifying check numbers and dollar amounts and then reporting discrepancies to you via the Internet. If you identify a fraudulent check, simply notify us online by the cutoff time to return the item.
How Does Check Positive Pay Work?
When you issue checks, just provide American Bank & Trust with your check register file containing the details of your checks, which is uploaded to us from the online banking portal.
When checks are presented for payment, we compare the dollar amount and check number to the check register file ensuring a match. If the checks presented do not match, we will notify you of the exception items. Using the check information, as well as a digital image of the check, you review and decide whether to Pay or Return the items.
You can receive alerts via email or text regarding exceptions, decisions, and approvals.
Additional Layers of Security
Teller Positive Pay
Teller Positive Pay is automatically included with Check Positive Pay. Teller Positive Pay identifies potentially fraudulent, altered, or counterfeit check items presented at American Bank & Trust branches by comparing them in real-time with the check register file. If the information does not match, the check will not be cashed.
Payee Positive Pay
With Payee Positive Pay, customers will include the payee name information in the check register file. When checks are presented, we will compare the dollar amount, check number, and payee information to the check register file to ensure information matches.
This solution is beneficial in stopping fraud perpetrators from adding a payee name when they try to cash a stolen check.
Dual Approval, Stale Date, and Maximum Dollar Thresholds are also available with this solution. Plus, you can receive alerts via email regarding exceptions, decisions, and approvals.
Our payment and fraud mitigation tools were developed to make it easier for you to monitor your account activity efficiently and stay ahead of threats to your business’s finances.
Explore Additional Fraud Mitigation Tools
ACH Positive Pay
ACH Positive Pay is a digital fraud mitigation solution that manages ACH debits and/or credits posting to your business account via blocks and filters.
Wire Block
If you don’t need to originate wires, eliminate the risk of wire fraud by blocking wire debits from posting to your business account.
Reverse Positive Pay
Reverse Positive Pay is a paper-based fraud mitigation solution for detecting fraudulent, altered, or counterfeit checks by posting a daily report of presented items (excludes AB&T Branch Cashed items) to Business Online.
Check Block
Check Block eliminates the risk of check fraud by restricting your checking account to electronic activity. All paper-based transactions are automatically rejected and returned, which stops all checks from posting to the designated account.
Contact Our Treasury Services Team
Your Treasury Service needs are more complex than ever before. Our team of experts live at the intersection of “what if and why not?” and can help you eliminate pain points to transform your cash management into a bottom-line enhancing machine. For all the services and technology you expect, plus all the insight that goes above and beyond, we’re ready to build a relationship that creates value for you.
