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MICR Check Printing Software:
Positive
Pay Software
Ultrachecks
II
Ultrachecks
Complete
Positive
Pay Software
ACH software
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Positive
Pay
Software
Positive Pay software
is available as stand-alone software or it can seamlessly integrate
with UltraChecks Complete or UltraChecks II for MAS products by
Best Software.
Positive
Pay is the leading method of check fraud deterrence available
today.
The
Positive Pay method details the check reconcilement of your company’s
issued checks to those checks presented to your bank for payment.
It is then that your bank can identify potentially fraudulent
checks.
Upon
completion of a check run, your company prepares a formatted data
file of the checks issued that includes the check number, amount,
date, and other bank account information. This data file is then
transmitted to your bank for their review. The data file transmitted
to your bank can also include stop payments, voided checks and
manual checks.
When
a check is presented for payment to your bank, each check is compared
to the information provided by the transmitted data file. Any
check that does not match the details of your data file is flagged,
and a suspect list is forwarded your company for review. The suspect
checks are resolved prior to the bank authorizing payment and
your company retains the right to reject any check it believes
to be fraudulent.
For
more information call MICR Tech at 800-358-6427.
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