Eliminate your exposure to the risk of check fraud with Positive Pay TM8.
With Positive Pay TM8 you can provide your bank with a file of the checks you produce so that they will be able to honor only those you produce and investigate any others as suspicious items.
Important new options in version 3.0 for user’s of Sage’s EFT module and those whose banks can process files with issues from multiple accounts! And we now provide support for creating Positive Pay files with Sage Payroll, even if you transfer in Summary! And there are also special options for those who bank with Bank of America in California or Illinois that make it easy to change Certification information. (We also support Bank of America in the other states where the special support isn’t required.) Call your business partner and find out if we already support your bank. If we don’t, we’ll be happy to!
Prior to version 3.0, although the program supported multiple bank file formats, a particular user could only be configured for one. In version 3.0, however, that limitation has been eliminated. Now the user may choose to prepare a file for any of our supported banks at any time.
Resources on the subject of Check Protection
Recent News Article
View this web news article about a sophisticated check fraud scheme that surfaced the week of July 26, 2010.
Check Fraud: A Guide to Avoiding Losses
PDF file: The Office of the Comptroller of the Currency (OCC), which charters, regulates, and supervises all national banks, provides a variety of valuable information on the subject of check fraud, including a discussion of Positive Pay.
