Positive Pay
Surveys report that more than two-thirds of business customers have experienced check fraud in the past five years. If your business has lost money through check fraud, you know the value of an effective positive pay solution. That’s why FSG provides you automated fraud detection to drastically reduce the effects of these attacks on your company.
FSG Positive Pay monitors check-clearing daily, allowing for immediate decisions regarding possible fraudulent items. The process is easy. Upload the daily issue file through your online banking. We compare any checks on the account against the files you issue. If the checks don’t line up, you make the call.
With FSG Positive Pay, we help you control your disbursements as tightly as possible.
- Set Pay/No Pay defaults at the account level
- View suspicious check images / exceptions quickly and easily through online banking
- See daily and monthly reconcilement reports
- Extend fraud detection all the way to the teller line with Payee Match
- Ensure that altered and counterfeit checks are returned to the issuing bank within the required 24-hour deadline.
Detect check fraud quickly with FSG Positive Pay. With Positive Pay, we make sure what you pay is what you intend to pay.
Contact our Treasury Support team for more help with our Account Reconciliation services.
