Positive Pay

Fraudulent transactions can happen fast. TSB Positive Pay adds an extra layer of protection by verifying checks and ACH activity, helping stop fraud before it clears your account.

POSITIVE PAY: CHECK & ACH FRAUD PROTECTION

How It Works:

Positive Pay is an add-on feature within our E-Cash Management Services designed to help protect your business from check and ACH fraud.

You provide Tioga State Bank with a list of checks and ACHs you’ve issued. As they are presented for payment, we compare them against your list to verify that key details match, including:

  • Check number
  • Dollar amount
  • Issue status
  • Payee/company name

Exception Handling:

 

If something does not match your issued list, it is flagged as an exception. This may occur if:

  • The check was not issued
  • The check or ACH amount does not match
  • The item was previously cleared, voided, or stopped
  • The check is stale-dated or inactive
  • The Payee/Company Name does not match

*Positive Pay is an add-on feature with a $25.00 monthly service charge

If you have any questions, or want to learn more…

Contact us online, by phone at 888-303-4TSB or visiting us at a TSB office location.

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