Positive Pay® antifraud check validation
Positive Pay service offers our customers confidence their checks are cashed unaltered. During processing, we compare issuance data provided by the customer using SummitOnline Banking to the actual written fields. Positive Pay validation rejects any check with a variation in check number or monetary value. Our customer can then review these items and instruct us to either pay the check or dishonor the check and return it. We report every processed check and a simple reconciliation showing which checks are still outstanding. SummitOnline Banking creates an audit trail tracking modifications to the issuance data.