The leading fraud prevention solution, Positive Pay will help protect your business from fraudulent checks being presented for payment.
Positive Pay is a service within iBanking that allows customers to monitor checks and Automated Clearing House (ACH) transactions. This is but one of many systems we have in place to protect our customers. Positive Pay allows us to match the checks any of our business customers issue against those presented for payment, sending back any check considered to be suspect to the issuer for examination.
The FBI estimates that 500 million checks are forged annually and that these losses total $18.7 billion. Positive Pay can help prevent you and your business from falling victim to fraud, ensuring fraudulent checks are caught before they are cashed.
- Allows the customer to closely monitor items prior to being paid from their account.
- Includes an account reconciliation service that customers can use for recordkeeping.
- Permits multiple users, managed by the customer, to allow for separation of task items, if desired.
- Includes comprehensive transaction and system reports within the Positive Pay service.
You must be enrolled in our Business Online Banking service to take advantage of Positive Pay. As a commercial customer, you will also be able to view account balances and transactions, pay bills online and more through our secure website. Learn more about our commercial services and the tools Cornerstone Bank can provide to help you manage your business.