Positive Pay – ACH Validation Tool

Protect your business from fraud with Positive Pay, a secure and easy-to-use ACH validation tool available at Forward Bank. Whether you’re monitoring checks or managing ACH debits, Positive Pay ensures that only authorized payments are processed. With Check Positive Pay and ACH Positive Pay options, you can customize your protection to fit your business needs—all accessible through our Business Digital Banking platform from your computer or mobile device, giving you real-time control and peace of mind.

Features and benefits of check Positive Pay:

With Check Positive Pay, you can verify each check issued by your business, ensuring no unauthorized or fraudulent checks are processed. It compares the details of each issued check to those presented for payment, allowing you to return any mismatches or unapproved checks before they clear.

• Upload or manually enter check details: Enter the serial number, amount, and payee for each check issued.
• Automated verification: Positive Pay matches checks against what has been issued, flagging any mismatches for review.
• Return fraudulent checks: Easily reject any suspicious or unauthorized checks.
• Prevent check fraud: Ensure that only approved checks are processed, protecting your business from loss.
• Easy to use: Quickly upload files or enter details manually for seamless protection.
• Real-time alerts: Stay informed of mismatched checks with instant notifications via text or email.

Features and benefits of ACH Positive Pay:

ACH Positive Pay allows you to control which companies can debit your account. By setting up an approved list of trusted companies, you’ll receive alerts whenever an unauthorized ACH transaction is attempted, ensuring that only authorized ACH debits are processed.

• Create an approved list: Specify which companies are allowed to debit your account.
• Receive alerts for unauthorized debits: Get notified when an unapproved company attempts a transaction.
• Return unauthorized ACH debits: Quickly return any unauthorized ACH transactions.
• Mitigate ACH fraud: Control and monitor which ACH debits are authorized to protect your accounts.
• Customizable protection: Tailor your approved list to fit the specific needs of your business.
• Fast action: Easily return unauthorized transactions with just a few clicks.

Moving Your Business Forward

Take the next step in securing your business with Forward Bank’s Positive Pay. Whether you opt for Check Positive Pay, ACH Positive Pay, or both, you’ll have the tools you need to monitor transactions and protect your accounts from unauthorized activity.

Contact a Cash Management Specialist today to set up Positive Pay and enhance your business’s fraud protection.