Internet banking
Managing payments
Security Checks
Online Billing
International and trade
Manage 3rd party funds
Cheque verification service
Positive Pay - safeguard against fraud
Fraud is a serious concern for organisations that issue large volumes of cheques. Positive Pay counters the problem with an efficient cheque verification service that uniquely amongst banks also includes payee verification on high value cheques.
The service will also help streamline reconciliation. With Positive Pay, processing errors are identified at the Bank and corrected on the same day, without the need for adjusting entries. And that means your cheque reconciliation will match exactly, saving time on lengthy investigations.
Key benefits
- Added security - our secure, real-time cheque verification service will detect counterfeiting, fraudulent alteration, unauthorised cheque-issuing and out-of-date cheques. What's more, it includes payee verification on high value cheques.
- Improve cheque reconciliation - since any processing errors are identified and corrected at the Bank early in the cycle, your business will have fewer unmatched items.
- Peace of mind - safeguarded from fraud, you will be able to focus on your business's future. You can even review suspicious cheques before payment, viewing their image on Bankline, our online banking service.
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