Reverse Check Positive Pay
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Reverse Check Positive Pay
Reduce risk with Premier Bank’s Reverse Check Positive Pay, an automated check fraud detection tool to help businesses feel secure about the money coming out of their accounts by identifying unauthorized transactions before final payment. It prevents criminals from using stolen account numbers and catches bad checks where the payee or check amount has been altered or the check has an invalid date.
How it Works
How Reverse Check Positive Pay Works
- Report generated and alert sent each morning
- Review checks presented from prior evening
- Choose Return decision for any items that should not be paid
Cut Off Time
10:30 AM for return decisions
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1
Check data sent to company
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2
Company reviews check data
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3
Company flags bad checks
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4
Company notifies Bank
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5
Bank returns bad checks
Features & Capabilities
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Custom email alerts
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Daily reporting for checks presented the prior evening
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User entitlements
Benefits
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Reduces check fraud
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Return check items without bank intervention
Mitigate business risk with fraud prevention solutions
Premier Bank provides a robust suite of enhanced products and services to help maximize efficiency while also providing daily protection against losses due to fraudulent transactions.
Helpful Links
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Fraud Prevention
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