.svg)
Protecting Your Business From Fraud
Positive Pay helps reduce financial loss, protect your company's reputation, and strengthen internal payments controls.
Early Detection
Positive Pay detects fraudulent items early in the payment process. This allows you to catch any fraudulent activity before it is too late.
Reduce Financial Losses
Positive Pay saves your business money by preventing financial losses from check or ACH fraud.
Safeguard Your Business
Enjoy peace of mind knowing that your finances are protected, and the reputation of your business is preserved.
Could Your Business Benefit From Positive Pay?
Every business is different. Here are the situations where positive pay makes the biggest impact.
.png)
The more checks your business issues, the bigger the target. Positive Pay ensures every check presented matches exactly what you authorized; catching forged, altered, counterfeit, and stolen checks before they impact your bottom line.
.png)
Vendors, subscriptions, and third-party billers pull from your account regularly. With ACH Positive Pay, you can monitor and detect unauthorized transactions and set customizable filters and blocks, so nothing moves without your approval.
.png)
Managing more than one account? Positive Pay gives you centralized control across all your accounts monitoring for forged, altered, and unauthorized transactions without having to review each account separately.
.png)
One incident is one too many. Whether it was a counterfeit check or an unauthorized ACH pull, Positive Pay closes the gaps fraudsters exploit before they get another opportunity.
How Positive Pay Works
The Positive Pay basics.
Submit Details
Establish ACH rules for authorized originators. For checks, the system cross-references payee names from your imported files of upcoming payments or approved vendor lists.
Verification
The system compares the inclearing transactions against what has been entered as “authorized” in the case of a check or "allowed" in the case of an ACH.
Client Review
If all check details match, the check is paid. If there are any discrepancies, you are given the ability to review all details and decide if the item should be paid or returned.
Ready to enroll in Positive Pay?
Send us a message by completing the form or call us at 844-266-2548.
Have more Questions?
Fill out the form to reach us or contact our Treasury Management team to set up Positive Pay for your business.
Yes. Positive Pay can be applied to multiple business accounts. The monthly fee is capped at 10 accounts regardless of how many accounts a business enrolls.
Yes. ConnectOne Bank’s Positive Pay includes mobile access, allowing business owners and authorized users to review, approve, or return flagged check and ACH items from any device.
If a flagged item is not reviewed within the review window, ConnectOne Bank will apply a default decision; typically returning the item. Clients should confirm their specific default settings with their Treasury Management Specialist.
*All businesses must enroll in Positive Pay when opening any business checking and/or business money market checking account. Positive Pay is a service enabled in Business Online Banking that can prevent check and ACH fraud on your account. The monthly fee for Positive Pay is $25 per account. Once your account is successfully opened, a ConnectOne Bank representative will contact you to set up Positive Pay for your account. You may elect not to enroll in Positive Pay, and will be required to sign a Positive Pay Opt-Out Agreement.
You are leaving ConnectOne Bank's Website
By continuing, you will be leaving the ConnectOne Bank website.
ConnectOne Bank is not responsible for accuracy, security, content, or services offered by other websites; we encourage you to view privacy & security disclosures of all websites you visit as they may be different than those of ConnectOne Bank.
Visit our site again soon.
Email disclaimer
Email is not a secure transmission route. Thus we ask that you never send sensitive personal information like Social Security numbers, Account numbers, Credit Card numbers or any type of password via email to ConnectOne Bank or anyone else. Please call us when submitting this information. Please click Send an Email to continue...