This topic describes the information about Positive Pay.

An electronic authentication system called Positive Pay that will allow user to share the cheque details with the bank before the bank processes it. Positive Pay is a process to deter cheque fraud. A person issuing cheques enters details of the cheques into the system. The details get verified when the issued cheque circles back to the issuer’s bank for clearing. Any discrepancy in the data cheque data entered on the system and the actual cheque received will result in payment being declined.

Pre-requisites:

Transaction access is provided to the Small & Medium Business user.

• Add Positive Pay
  This topic describes the systematic instruction to Add Positive Pay screen. This option allow user to create Positive Pay request for the issued cheques.
• View Positive Pay
  This topic describes the systematic instruction to View Positive Pay screen.