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Protect Your Business with Smarter Fraud Defense business with smarter fraud defense.
Positive Pay and ACH Positive Pay help you catch suspicious activity early, so you can stay focused on what matters most. Monitor checks and electronic transactions, flag anything that doesn’t look right, and help stop fraud before it impacts your business.
Detect and Prevent Fraudulent Transactions
Checks and transactions that have their payment amounts altered, or come from stolen check stock, will be flagged. It’s an easy way to prevent fraud and monetary losses.
How Check Positive Pay works
- Create an online file with each check’s issue date, serial number, and dollar amount.
- Verve will verify the checks and notify you if any records do not match.
- You can approve or deny transactions in question.
How ACH Positive Pay works
- Create a whitelist of companies that are approved to debit your account.
- Verve will notify you if an unapproved company debits your account.
- You can deny the transactions or you can approve it and add the company to your whitelist.
Contact Our Business Team for More Information About Verve Positive Pay
Our Business Team is made up of seasoned financing and lending experts who are passionate about writing success stories for our members and their businesses. Our team strategizes with business owners to bring their growth plans to life. Their goal is to be a a trusted resource, introducing the products and services best suited to help the business run more efficiently.
Not Sure Where To Start?
Frequently Asked Questions
Is Positive Pay necessary?
All businesses are candidates for payment fraud. Positive Pay allows business users to stop unauthorized check and ACH payments and trigger actionable alerts so business account holders can authorize transactions quickly. It is easy to use and can save you time, effort, and money by reducing the potential for fraud.
How do you use Positive Pay?
Check Positive Pay will match checks issued by a company with checks it presents for payment. If the checks do not match, then you will be notified.
ACH Positive Pay will check the companies approved to debit your account. If an unapproved company tries to debit your account, then you will be notified.
What are the benefits of ACH payments?
- Speed and convenience
- Low cost
- Security
- Faster processing time
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