Field & Main Bank

Positive Pay

Secure and hassle-free accounts with an automated fraud detection tool.

Your accounts should be secure and hassle-free. With Positive Pay, we offer an automated fraud detection tool. The service matches the account number, check number, and dollar amount of each check presented for payment against a list of checks previously authorized and issued by your company. All three components of the check must match exactly, or it will not pay, helping to keep your business clear of fraudulent activity.

The benefits of Positive Pay are:

  • Decreased opportunity for fraud on your account.
  • Daily notification of all incoming checks.
  • Ability to review checks prior to posting.
  • Easy approval via online banking.

To use Positive Pay, your company will send a file of issued checks to the bank each day checks are written. When those issued checks are presented for payment, they’re compared electronically against the list of transmitted checks. Any check images that don’t match the file are flagged and shared with you for review. You then instruct us on whether to pay or return the check.

The customer must establish a consistent process for reviewing the file daily to ensure proper posting. Additionally, you can speak with your relationship banker to learn more about protecting your company from fraudulent ACH activity.

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