SNB's Positive Pay Service is a module of SNB DirectBanker®. This service is the process through which a company and SNB work together to detect check fraud by identifying items presented for payment that a company did not issue. Benefits - Sophisticated defense against check frauds and losses
- Provides multiple layers of security
- Errors are detected prior to month-end, which will improve your account reconciliation process
How it Works - Your company sends SNB a check issue file each time you distribute checks
- A simple comma-delimited file or a QIF file format from your accounting software is used
- SNB compares the file of checks presented to the check issue file
- If the checks match the data on your issue file, they are paid
- Exceptions are identified and communicated to you via SNB DirectBanker® at 8:00 am each business day
- Items are paid unless instructed to "return"
SNB's Positive Pay is our solution to provide you with a highly effective defense against check fraud. |
