What is Positive Pay?

Positive Pay is a powerful fraud detection tool that helps businesses monitor transactions and verify payments before funds are withdrawn. Fidelity Bank offers two solutions:

• Check Positive Pay – protects against altered or counterfeit paper checks.
• ACH Positive Pay – defends against unauthorized or suspicious electronic (ACH) transactions.

Together, these services help you maintain control over your financial activity, reduce risk, and protect your business assets.

Check Positive Pay

Protects your business from check fraud, including counterfeit, altered, or duplicate checks.

How It Works:

• You upload a list of issued checks into your Business Online Banking profile, including check number, amount, and date.
• Fidelity Bank matches each presented check against your list.
• If any check doesn’t match, it’s flagged for your review. You can approve or reject it.

Common Types of Check Fraud Prevented:

• Altered or modified checks
• Duplicate checks
• Forged or counterfeit checks
• Stolen checks

Key Features of Check Positive Pay:

• Real-Time Check Monitoring: Stay informed of every issued and presented check.
• Automated Reconciliation: Streamline your reconciliation process to save time and reduce errors.¹
• Payroll Oversight: Simplify payroll reconciliation with automated matching.
• Enhanced Audit Trail: Maintain full visibility and documentation of check activity.
• Reduced Fraud Risk: Catch suspicious activity before checks clear your account.
• Accurate Deposit Management: Improve deposit accuracy with ongoing oversight.
• Lower Disbursement Risk: Secure your outbound payments against fraud.
• Simplified Recordkeeping: Access and manage check records easily online.

¹Subject to approval. Additional fees may apply.

Check Positive Pay Enrollment Form

Positive Pay Demo

 

ACH Positive Pay

Protects your accounts from unauthorized ACH debits, such as fraudulent vendor payments or auto-pay setups.

How It Works:

• You define rules based on approved payees, transaction types, and dollar limits.
• As ACH credits or debits are posted to your account, they’re verified against your rules.
• Any unapproved or unusual transaction is flagged for your review and action.

Common Types of ACH Fraud Prevented:

• Unauthorized electronic debits
• Fraudulent auto-pay or bill pay setups
• Vendor impersonation or spoofing

Key Features of ACH Positive Pay:

• Custom Rule-Based Controls: Set parameters by vendor, amount, frequency, and more.
• Daily Transaction Alerts: Get notified of exceptions in real-time for fast decision-making.
• Fast Exception Handling: Review and approve or reject flagged items within your online banking dashboard.
• Protection Against Business Email Compromise (BEC): Prevent fraud tied to phishing or spoofed payment requests.
• Secure Vendor Payments: Ensure only verified parties can debit your account.

ACH Positive Pay Enrollment Form

Why Choose Fidelity Bank for Positive Pay?

• Local Treasury Management Experts: Work directly with specialists who understand your business needs.
• Integrated Online Banking: Manage all Positive Pay activity securely through our business banking portal.
• Flexible & Scalable: Whether you're a small business or a larger organization, our solutions grow with you.
• Real-Time Oversight: Stay informed and in control of every transaction.

Tools and Resources

Explore our Tools and Resources for helpful links and downloadable PDFs to support your needs.

Master Agreement for Treasury Management Services

Get Started with Positive Pay Today

Take the next step in protecting your business from fraud. Choose the service that fits your needs—or enroll in both for complete coverage.

Ready to Enroll?

Enroll in Check Positive Pay

Enroll in ACH Positive Pay

Or contact Lori Pausina, our Treasury Management Sales Lead at (985) 249-5745 or [email protected] for personalized assistance.