The Positive Pay for Accounts Payable EASY Solution makes it easy for your company to utilize the check fraud protection services provided by participating banks. Positive Pay for Accounts Payable generates an export file that includes specific details for each check issued by your company within Acumatica.
The Positive Pay export file is then transmitted to the bank using their file transmission procedure. When a check issued by your company is presented at the bank for payment, the bank validates details on the check by matching them to the payment details provided in the Positive Pay export file. In the event a check doesn’t match the details provided, an exception is reported to your company to confirm or reject payment.
Please contact your bank to determine if they offer positive pay services, the format they require for positive pay export files, fees, and transmission procedures.