FDIC Insured – Backed by the full faith and credit of the US GovernmentPositive Pay
Introducing, Positive Pay – an automated Cash Management service that helps detect and prevent check and ACH fraud!
How does it work?
Reverse Positive Pay:
Business customers access our Positive Pay system through their Business Online Banking profile and as checks and ACH files are received by the Bank, Positive Pay will display all incoming items. A notification email or text will be sent to the user requesting login and review. Once logged in, users have the option to pay or return the items. If a decision is not completed by the established cut-off time of 10:30 AM Monday – Friday, the items will clear as they normally would (default is to pay items).
Standard Positive Pay:
Business customers access our Positive Pay system through their Business Online Banking profile to input a list of checks written and a list of approved ACH companies. As checks and ACH files are received by the Bank, the Positive Pay system will compare the incoming items to the entries made by the business customer and create a list of exceptions. A notification email or text will be sent to the user requesting login and review. Business customers will have the option to pay or return the items marked as exceptions. If a decision is not completed by the established cut-off time of 10:30 AM Monday – Friday, the items will clear as they normally would.
or call a Customer Service Representative at 1-888-MECHANICS (632-4264)!