Positive Pay is an automated fraud detection tool. It provides businesses with an added level of security when writing checks. To reduce fraud, SouthCrest will match the account number, check number and dollar amount of each check presented for payment against a list of checks previously authorized and issued by the company. All three components of the check must match exactly to be processed, allowing your business to rest assured that potential fraudulent checks are identified and the business alerted.
And Positive Pay is easy to use, your business simply imports an excel file of the list of checks into the On Line Banking account at the time the checks are written and SouthCrest will compare your information with the database. The business has full access to the process through their On Line Banking account.