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Generate Positive Pay File

Owned by Kyle Niekamp
Last updated: 06 16, 2022 by Claire Aleman

Overview:

Positive pay is a cash management service offered by financial institutions to combat check fraud. The financial institution pays only those items where the check numbers and check amounts match the company’s issue file. This process requires the company to send the financial institution a file containing issued check information. The Positive Pay Format window allows you to define that file layout.


This video walks you through the process of creating and saving a positive pay file. Once generated and saved, you will need to upload the file to your banks web portal.

Benefits:

  • Reduces the risk of check fraud

Roles:

  • Accounting Manager
  • CFO/Controller

Location:

  • Financial & Accounting > Setup > Positive Pay Format

Video:

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