The Positive Pay service at Westfield Bank is a highly effective method used to protect against the financial loss associated with unauthorized check and ACH fraud, providing additional security and peace of mind.
Protect your business against unauthorized check and ACH fraud with Positive Pay.
Positive Pay enables a business or municipality to upload a file of issued checks when they are produced. As checks clear through the account, they are matched to the issued file. Any exceptions are flagged by the system for your review prior to being paid.
The benefits of Positive Pay include:
- Increased security
- Reduced opportunities for check fraud
- Prevent invalid checks from being paid
- Automatic identification of discrepancies
- Quick and easy access to check images
- Reconcile your account in “real time”
To learn more about Positive Pay, please contact our Business and Government Deposit Services team today.
