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Treasury Management

Positive Pay

Access National Bank offers a variety of affordable fraud management solutions to empower your business to guard against Check & ACH fraud through the use of technology.

Comprehensive Fraud Management Solutions

Check Positive Pay is an anti-fraud service offered by Access National Bank (ANB) to help protect businesses against altered checks and counterfeit check fraud. Check Positive Pay assists in creating, transmitting and researching the check records that you send to the bank.

ACH Positive Pay is designed to protect our business client accounts from unauthorized electronic charges (ACH).

Positive Pay Protection Solutions

ACH Blocking - all ACH debit transactions are blocked and clients will make daily pay or no pay decisions for each item.

ACH Filtering -  automatic payment of ACH transactions is based on pre-established company ID’s, Standard Entry Class, or dollar amounts.  To address any exception items, select client employees receive daily emails listing the number of exception items that requires their attention.
 

Check Positive Pay Solutions

Traditional Positive Pay

A fraud detection tool that matches the account number, check number, and dollar amount of each check presented for payment against an Issued File(s) submitted by the business. Any mismatches within the three components will create an 'exception item' and allow clients to make a decision to return or pay.

Payee Positive Pay

Includes all components of Traditional Positive Pay but also matches the payee. Optical Character Recognition (OCR) is performed on all checks presented for payment matching the payee found on the face of the item against the payee listed in the issue file(s).

Here is how it works

Traditional and Payee Positive Pay

  1. Issued Files are loaded directly by the client.
  2. All exception items are reported to clients at 9:00 AM. They have until noon (12:00 PM) to make a decision.
  3. If a decision is not made by the cutoff time, ANB will follow the instructions per the client's Positive Pay Service Agreement.

 Reverse Positive Pay

Reverse Positive Pay is similar to Positive Pay, but the process is reversed, with the client, not the bank, maintaining the list of checks issued. Client reviews and decisions items to be paid or returned.

Call or visit a banking center near you for more information about our fraud management solutions (positive pay). Banking Center Locations

 

ANCX - Nasdaq listed FDIC Equal Housing Lender
Access National Mortgage

NMLS ID: 408540