Protect your business from check and ACH fraud.
Positive Pay reviews every check and ACH debit against what you actually issued, so you catch fraud before it clears, not after.1
Connect with a Business BankerWhat Is Positive Pay?
Positive Pay lets you audit every check and ACH debit against your account before it's paid. You review the details, decide whether it's legitimate, and nothing clears without your say-so.
How It Works
1
You Send Your List
Every time you run payroll or pay vendors, you send us a digital list of authorized checks, check numbers, issue dates, amounts, and account numbers.
2
We Check Every Item
When a check is presented for payment, our system automatically compares it against your list.
3
Mismatches Get Flagged
If the check number, amount, or account doesn't match what you sent us, it's flagged as an exception.
4
You Decide
Review flagged exceptions online and choose to pay or reject each one before the daily cutoff.
Types of Positive Pay
Standard Positive Pay
Verifies the check number, account number, and dollar amount against what you sent us.
Payee Positive PayComing Soon
Adds verification of the payee name too, stopping altered-payee and "check washing" fraud.
ACH Positive Pay
Protects against unauthorized ACH debits using pre-approved vendor filters, rather than a submitted check list.
Other Account Protections
Real-Time Alerts
Get notified about account activity based on exactly the alert types you choose.
Card Controls
Turn your Business Debit Mastercard® off when you're not using it, and back on with a simple swipe, right from the SecureSwipe app.
Account Reconciliation
Sync transactions with QuickBooks® to reconcile statements automatically and flag anything suspicious.
Let's Protect Your Business.
A Business Banker can walk you through setup and pricing, and get Positive Pay working for your checks and ACH transactions alike.
Connect with a Business BankerOr call 888-710-9070
FAQ
Frequently asked questions
What exactly does Positive Pay catch?
Positive Pay compares every check and ACH debit presented against your account to what you actually issued or authorized. If something doesn't match, an amount was altered, a payee was changed, or an ACH debit wasn't authorized, it's flagged as an exception for you to review before it's paid.
Does Positive Pay cover ACH transactions too?
Yes. Positive Pay reviews both paper checks and ACH debits against your account, so you catch fraud in either channel before it clears, all in one place.
How much time does daily review take?
Most businesses spend just a few minutes a day. Positive Pay only flags the items that don't match what you sent us, not every transaction, so you're reviewing a short list of exceptions, not your full check and ACH activity.
What happens if I don't review an exception item in time?
Exception items need a pay-or-reject decision by the daily cutoff. If no decision is made in time, the item defaults to a preset action set up when you enrolled (Pay All or Reject All). Your Business Banker can confirm your specific cutoff and default setting.
Does my business need Positive Pay?
Yes, Positive Pay carries a monthly fee. Since pricing varies by setup, contact a Business Banker for current rates and to find out what applies to your account.
1 Fees may apply for Positive Pay and are subject to change . Contact a Business Banker for current pricing and eligibility requirements.
Midstates Bank is a full-service financial institution with branches throughout western Iowa.
Protect your business from check fraud.
Help protect your business from check fraud with Positive Pay. Review checks before they’re paid and quickly identify items that don’t match your records. .