Send and Receive ACH for Free! Learn More. Call us for instant ACH approval: (408) 775-7720

Positive Pay

Positive Pay is a mechanism that you inform your bank about your issued checks ahead of time. So your bank will not clear any checks except those you already reported. It is a widely-known cash management service used by most banks to prevent fraudulent checks. Positive Pay does so by matching the check number, account number, and dollar amount of the company’s issued check with the check presented for the payment. If the checks do not match, they will be sent back to the issuer for review.

Positive Pay

Online Check Writer

Key figures

1M

Users

4,000+

New Customers a Week

50,000+

Transactions per Week

Positive Pay with Online Check Writer

Online Check Writer now offers you an automated Positive Pay service. OCW transmits the list of issued checks of your company to the bank instantly via API, FTP, and excel sheet upload. Also, OCW will immediately inform the bank when you cancel the check and void the checks immediately. Therefore, you don’t have to notify the banks every time you issue or cancel checks manually. You can have peace of mind while Online Check Writer will take care of everything.

Positive Pay with Online Check Writer
100% Fraud Detection

100% Fraud Detection

With Positive Pay, the bank provides complete fraud detection by matching the company-issued checks with those present for payment. The bank will not honor the checks if they do not correspond with the correct identifying information. It will eliminate the risk of losing money due to fraudulent activities on your account.

If a check does not match the check number, account number, and dollar amount, the bank has the option to flag the check and notify a business representative from your company. Also, the bank can ask for permission to clear the check if it turns out to be valid. In some cases, the company includes the payer’s name in the system, but this name is not usually part of the check matching service.

Exception Item

A check presented to the bank became an ‘exception item’ when it does not ‘match’ with the list of issued checks. When the bank finds an exception item, they will inform the client by sending a fax or image of the check. Then, the business will review and instruct the bank to either deny or accept the check presented. Therefore, positive pay allows companies to catch illegal checks and reduce their exposure to fraud before they have a chance to clear. Thus, companies can eliminate financial losses due to fraud and save significant money using this automated cash management service.

Exception Item

REVIEWS FROM ESTEEMED CUSTOMERS

Here are some precious reviews from our customers. We are pledged to make your life simple with all our features.

As HR manager, I had to be very cautious in a disputing situation when the check hasn’t arrived and goes to the bank, digging through all my paperwork. The Check Book feature on OCW makes it easy for me to search! The logs are very helpful for me.
Online Check Writer has made my life easy. Now I can print all the checks on Blank Check Paper from numerous companies and export from my QuickBooks as well. I don’t have to keep track and change the pre-printed check papers.

Being a contractor I always have to give checks ahead in many situations and keep report and notes. Now it’s so easy to keep up. Same way making deposit slips on demand also very easy.

Frank Czar

Bimal Daftari

Travis Copeland

As HR manager, I had to be very cautious in a disputing situation when the check hasn’t arrived and goes to the bank, digging through all my paperwork. The Check Book feature on OCW makes it easy for me to search! The logs are very helpful for me.

Frank Czar

Online Check Writer has made my life easy. Now I can print all the checks on Blank Check Paper from numerous companies and export from my QuickBooks as well. I don’t have to keep track and change the pre-printed check papers.

Bimal Daftari

Being a contractor I always have to give checks ahead in many situations and keep report and notes. Now it’s so easy to keep up. Same way making deposit slips on demand also very easy.

Travis Copeland