Positive Pay can help maintain even tighter control over your disbursements.
Enhance Your Pay/Return Decision Making: CBC National Bank® clients with Transaction Authorization services can enjoy the protection of Positive Pay, an automated check matching program, at no cost. Positive Pay allows you to monitor checks processed for payment against your account and reject unauthorized transactions before losses occur.
Through Positive Pay, you simply transmit issue data to CBC when your company issues, void or stop-pay transactions. Used in conjunction with our eCorp, Positive Pay complements the internal security measures you employ to protect against unauthorized checks being paid. When items are presented for payment, our matching and validation process allows us to quickly identify checks that are inconsistent with the data provided. Digitized images of exception items are provided online to enhance your pay/return decision-making. Review suspicious items efficiently and make timely payment decisions.