POSITIVE PAY
Product Overview:
Help protect your business and manage check payment risk. Transmit an electronic file of your issued checks to Security National Bank. A daily comparison will be made of checks presented to Security National Bank for payment using online banking services. We will provide electronic notification of non-matching checks. View the image of the non-matching checks and make your payment decision.
Benefits:
- Reduce fraud associated paper processing
- Presented checks to SNB Tellers validated
- Deposited checks at SNB validated
- Review issued and outstanding checks online
- Add issued check detail via file or input manually online
- Email notifications of exceptions sent at 8AM
- Second notification sent at 9AM if no action is taken
Positive Pay works in conjunction with ExecuBanc. Authorized users are designated to submit a file of issued checks, input issued checks online, review exceptions, and view outstanding items.
To learn more on how this product may benefit your company’s performance, E-mail us here or contact us at Cash Management Sales.
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