Positive Pay
Positive Pay is an efficient cheque verification service designed to reduce fraud for organisations that issue large volumes of cheques. Our service has now been enhanced to include payee verification on high value cheques.
Key features and benefits
- Combats cheque fraud
- Improves security
- Streamlines cheque reconciliation
- Matches details of cheques issued against cheques presented for payment before they are applied to the account. The cheque code line and date of issue on the presented cheques are validated using the cheques-issued information notified to us by you
- Payee details on high value cheques are validated by us using Positive Pay to supplement our normal stringent checks.
- Processing errors identified and corrected without the need for adjusting entries
- Any suspicious cheques are referred to you prior to payment. You can view an image of these items using Bankline
- Use our Datalink service to send us details of cheques issued
For further information, please refer to the Positive Pay brochure.
Find out more
If you are a NatWest corporate customer, contact your Relationship Manager.
If you are not a NatWest customer, contact your nearest Commercial Banking Centre - find your nearest Commercial Banking Centre.