1. Instruments & Clearing User Guide
  2. Positive Pay
  3. Positive Pay Maintenance
  4. Positive Pay Preferences

Positive Pay Preferences

This maintenance is a generic maintenance which is applicable to all customers. This maintenance is required when there is a threshold amount above which Positive Pay validations are applicable to all customers or if UDF group is to be attached to Positive Pay input.
  1. On Homepage, specify PIDPPPRF in the text box, and click next arrow.
    Positive Pay Preferences screen is displayed.

    Figure 4-1 Positive Pay Preferences

    Description of Figure 4-1 follows
    Description of "Figure 4-1 Positive Pay Preferences"
  2. Click New button on the Application toolbar.
  3. On Positive Pay Preferences screen, specify the fields.

    Table 4-1 Positive Pay Preferences - Field Description

    Field Description
    Host Code Host code is defaulted based on user’s logged in branch.
    Host Description System defaults the Host Description.
    Threshold Amount For Positive Pay Validation --
    Threshold Currency Specify the Threshold Currency from the list of values
    Threshold Amount Specify the cheque amount above which it is mandatory to have Positive Pay record for cheque payment.
    Other Preferences --
    UDF Group Specify the UDF Group from the list of values. All valid UDF groups are listed.
    Beneficiary Name Validation Required This preference flag indicates whether the Beneficiary name validation is required while process an inward positive pay transaction in clearing.
    Stale Period --
    Days Specify the Stale Period Days.
    Months Specify the Stale Period Months.

    Note:

    Stale positive Pay instruments fails stale day validation, once received in inward clearing. Such transactions are moved to Return Queue.

Parent topic: Positive Pay Maintenance