ACH Positive Pay
ANB Bank offers innovative fraud management tools to assist you with protecting your company against fraudulent activity.
ACH Positive Pay
ACH Positive Pay lets you define partners that are authorized to send ACH debits and/or credits for any, exact or maximum amounts, to your account. Any item that meets the criteria you establish will automatically post to your account. You are alerted to any exception transactions to your criteria, safeguarding you against fraudulent activity. Upon receipt of the rejected items, you can then return them or conveniently add filter criteria for future electronic transactions.
Gain control over each day’s in-clearing checks. With our Positive Pay service you decide what items will pay. Electronically submit your register – we will match all items by check number and amount. Verify unmatched items online to approve or return. Positive Pay can eliminate your worries about fraud and give you a daily reconciliation.
Reverse Positive Pay
Reverse Positive Pay is similar to standard positive pay, but the process is reversed, with you maintaining the list of items issued to take an active role in closing the “window of opportunity” for criminals to embezzle company funds. The bank provides a list of all checks presented against your account for payment, which allows you to view the check information and verify it against your outstanding checks to determine if they should be paid or returned. So if you like the benefits of positive pay but want to perform the systematic match of paid items internally, ANB Bank can support your reverse positive pay needs.