Benefits For Your Business
Reduce potential exposure related to check fraud.
Identify exceptions at the time of payment rather than sorting through subsequent statements.
Quickly review payments by sorting only through identified exceptions.
Why Check Fraud Protection?
Businesses in Alaska and nationwide are losing billions to check fraud each year (Advance Fraud Solutions, 2023). At First National, we are seeing our customers and those of other financial institutions facing more check fraud than ever before, which is part of a huge fraud increase nationally fueled by organized crime.
How Positive Pay Works
- You provide First National a list of your check numbers, dollar amounts, and check dates (payee is optional).
- When someone tries to cash or deposit a check from your business, Positive Pay matches that check against your list.
- When checks match the information you provide, they are paid. Checks that don’t match are submitted for you to review online.
- You have until noon to approve or return the check or the system will apply your default action.
After signing up for Positive Pay, First National will conduct hands-on training and provide ongoing support.
Our latest check fraud prevention webinar includes a Positive Pay demo.
Contact Us
Connect with a local Treasury Management expert who will review your accounts to ensure that Positive Pay suits your needs.