Positive Pay is a fraud mitigation service that provides early detection of fraudulent or altered checks and ACH withdrawals by allowing commercial accounts to monitor transactions.

Positive Pay helps prevent unauthorized checks and ACH withdrawals from being drawn on an account and can protect a business from financial losses as a result of counterfeit or altered checks. Protecting your payments can help safeguard your cash flow and your bottom line.

Positive Pay provides consistent monitoring of your bank account and a second set of eyes reviewing every transaction.

How does it work?

• Checks and/or ACH withdrawals are verified on a business account daily.
• Businesses provide a list of disbursement details to GPSbank including payee and amount.
  • When a check is drawn, GPSbank verifies the check against the provided details.
  • When an ACH withdrawal is presented, GPSbank verifies the provided details.
• Businesses will be alerted when GPSbank uncovers a discrepancy.