PENTA Learning Center is an evolving tool. Additional content is added as soon as it is available.

Positive Pay Format

Owned by Kyle Niekamp
Last updated: 06 21, 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.

Benefits:

  • This windows provides the flexibility to build a file format that your bank(s) will accept

Roles:

  • Accounting Manager
  • CFO

Location:

  • Financial & Accounting > Setup > Positive Pay Format

Video:

Have feedback? Copy URL for this page and click here: https://www.surveymonkey.com/r/SBZKYY7

Confidential Proprietary Information - For Penta Customer Use Only
Penta Technologies continuously strives to improve customer content, therefore, information is subject to change at any time.