Positive Pay

Kick fraud attempts back where they came from. 

Harness the power of a complete product suite focused on Positive Pay, with ACH protections and reporting.  Your team can verify payments, handle exceptions, track activity and generate reports—all while receiving timely notifications. Positive Pay saves time, money and protects your business from fraud.  
 

The Positive Pay Product Suite for ACH Includes:

  • Business-managed ACH filters
  • ACH exception decisioning
  • Filter notifications
  • Notifications 30 minutes prior to cutoff
  • Pay/Return decision history reporting
  • Account-specific use entitlements

Control the Exception Rules for Your Business

With Positive Pay, you’re in control. ACH Exception items are generated because they meet or violate an ACH Filter Rule. Businesses can define rules at the account level for ACH activity and every ACH transaction presented for payment is measured against these established rules to determine if further scrutiny is needed.  
 
EXAMPLE - ACH rules define pre-approved ACH activity for an account and can include some of the following factors:
 
  • Originating company
  • Amount range
  • Debit or Credit stipulation
  • Standard entry class

ACH Filtering Block

Customers are notified when transactions do not meet requirements. For example: if an ACH transaction violates an established filter. 
 

Notifications

ACH Positive Pay delivers notifications of exception that require attention via email, text or mobile push notifications.


Data Comparison

Eliminate keying errors by using current exceptions or exception history to create filters with pre-filled data. 


Entitlements

ACH Positive Pay Entitlements provide the ability to authorize access, review exception reports and choose to pay and return decisions. 
Stop fraudulent checks before they clear. Checks remain the preferred method of payment for businesses, which also makes them the leading method of payment fraud. Check Positive Pay allows customers to monitor checks clearing daily and return fraudulent items conveniently through Union Bank’s business banking platform.
 

Check Positive Pay Provides Efficiency and Peace of Mind:

  • Unmatched checks are presented online and have automated reminders for daily pay/no pay decisioning
  • Checks clearing daily are matched against the
    issue file
  • If fraudulent, check can be returned
  • Quick upload of check issue files to UBMich TM
  • Convenient online access to unmatched checks
Payee Name Verification is designed to further safeguard your transactions by verifying that the payee name on the check matches the payee name in the information you provided to us.

This additional layer of security aims to strengthen our efforts in preventing fraudulent activity and protecting your accounts. By ensuring that the payee name matches the information you provided, we can mitigate the risk of unauthorized transactions and enhance the overall security of your financial transactions.







Conduct business faster, easier and better while improving your cash flow. Contact Us for more information today!