What You’ll Learn
- Discover how Positive Pay can help protect your business from fraud and save you time on account reconciliation.
- Learn how Positive Pay’s features can give you the tools you need to make informed payment decisions.
In today’s business world, the threat of fraud is ever-present and constantly evolving. As cybercriminals become increasingly sophisticated, safeguarding your business’s financial assets is more important than ever. Salal’s Positive Pay services provide powerful tools to protect your business from losing valuable time and money. Positive Pay is simple and convenient to use, giving you automated alerts when potentially fraudulent activity is detected, allowing you or your team to review the flagged check or electronic transaction and decide whether to make or reject payment.
Positive Pay can reduce the risk of losses due to fraudulent payments. It also can save you and your team valuable time on account reconciliation.
Features:
- Detects suspicious activity quickly with electronic account monitoring.
- Convenient alerts via email or SMS text message.
- Easy online portal to review flagged transactions.
- Payee verification service for checks.
- Check and ACH transaction monitoring available.
Positive Pay Checks
With Positive Pay Checks, your business gains added security by detecting potentially fraudulent checks and allowing you to decide whether to make or reject payment. Your business provides Salal with an electronic list of the checks you’ve written that day. If we detect a suspicious check, we send you an alert by email or SMS text message. Then, you review the transaction and decide whether to proceed with payment or reject it.
Positive Pay ACH
Salal’s Positive Pay ACH service provides added security for your company by sending you alerts when transactions fall outside your authorized trading partners or transaction criteria, empowering you to make informed payment decisions. Your business provides Salal with a list of authorized trading partners and information about your authorized transaction criteria. When a transaction comes through, paying a person or business not on your authorized list, we send you an alert. You can then review the transaction and decide whether to proceed with payment or reject it.
Start Protecting Your Business Today
To learn more about Positive Pay, contact your Salal Business Officer or call us at 206.298.9398.
