Cheque verification service
Positive Pay helps to protect you against cheque fraud
If your organisation issues a large number of cheques, fraud can be a real concern. Our cheque verification service – Positive Pay - reduces the chance of fraud and includes payee verification on high value cheques.
Cheque verification also helps to simplify your reconciliation since we identify and correct processing errors on the same day. There’s no need for you to adjust entries – saving you valuable time.
Key benefits
- Security - Positive Pay identifies counterfeiting, cheque alteration, unauthorised cheque issue and out-of-date cheques
- Payee verification - for high value cheques
- Simpler reconciliation - we identify any errors as cheques are being processed, your business will have fewer unmatched items
- Control - you can view suspicious cheques online using Bankline
- Secure - all data is encrypted using industry standards, password access means you retain control over use
- Reassurance - that your business is protected from cheque fraud
