1. Instruments & Clearing User Guide
  2. Positive Pay
  3. Positive Pay Validation

Positive Pay Validation

Below listed validations are done for inward clearing, if the instrument type is 'Cheque':
  • Whether Positive Pay Preferences is available for the Debit Account
  • If no preference is available for the account, host level preference is available

If no preference is available at Account/Host level, no positive pay validation is done.

Based on the preference, system validates whether cheque amount is greater than the minimum amount. If yes, it is mandatory to have the instrument number in positive Pay Instrument maintenance with 'Active' status. If no valid Positive Pay Instrument record is found, the transaction is moved to Return Queue.

If Beneficiary Name match Required is maintained as 'Yes' in the preference the beneficiary Name of the cheque is matched with the name maintained in Positive Pay maintenance. If the name is not matched, transaction is moved to Return Queue.

Parent topic: Positive Pay