Check positive pay is a fraud prevention tool that allows business customers to take control of which checks are paid and returned through Digital One Business. Customers upload a list of checks via a CSV or TEXT file to Digital One Business and the system matches the checks that dear the bank account to that file. If something is mismatched(amount, check number, payee), the customer is alerted via email. You can log in to Digital One Business or through the FNBOK Business app to decision checks.
Check positive pay is a fraud prevention tool that allows business customers to take control of which checks are paid and returned through Digital One Business. Customers upload a list of checks via a CSV or TEXT file to Digital One Business and the system matches the checks that dear the bank account to that file. If something is mismatched(amount, check number, payee), the customer is alerted via email. You can log in to Digital One Business or through the FNBOK Business app to decision checks.
1
Customer issues checks using their accounting software
2
Customer exports the list of issued checks from the account software
3
Customer uploads the positive pay file directly into Bank’s online banking platorm
4
Bank compares received checks to the positive pay data
5
Bank identifies discrepancies – asks for a “Pay” / “No Pay” decision
1
Customer issues checks using their accounting software
2
Customer exports the list of issued checks from the account software
3
Customer uploads the positive pay file directly into Bank’s online banking platorm
4
Bank compares received checks to the positive pay data
5
Bank identifies discrepancies – asks for a “Pay” / “No Pay” decision
ACH Positive Pay is a fraud prevention tool that allows our business customers to define rules for their ACHs. ACH Positive Pay is designed to eliminate unauthorized ACHs from debiting business accounts. Customers set rules in Digital One Business that authorize ACH Company IDs. If an ACH Company ID is approved, the ACHs will clear. If an ACH transaction with an unrecognized Company ID is not approved, the customer has the ability to approve the ACH and accept future ACHs with that Company ID
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