Check Management with Positive Pay

First Community Bank offers business customers the ability to manage issued checks and deny fraudulent checks through Positive Pay. Positive Pay is an automated check fraud detection tool that works to match issued check characteristics against checks that are attempting to clear the for payment by comparing the check number, amount, and payee details against a file you upload to ensure the details of the clearing item match the details in the uploaded file.

 

• Positive Pay is a very useful fraud prevention tool because, when used correctly, it reduces fraud and counterfeiting, leading to a minimization of financial losses related to fraud.
• Positive Pay increases efficiency due to streamlining the account reconciliation process to improve overall business cash management.
• Discrepancies and unauthorized check activity is flagged for your review before items are processed.

How to get started with Positive Pay?