Positive Pay
Keep your business accounts secure and hassle-free with Positive Pay, an automated fraud detection tool.
What is Positive Pay and how does it work?
Positive Pay is a fraud prevention system that ensures only the checks you approve are paid from your account.
Positive Pay helps to dramatically reduce check fraud while giving you tools to better manage your cash flow and monitor your transactions.
Each time you issue checks, your business sends a file of those checks to Field & Main. When those issued checks are presented for payment, they’re compared electronically against the list of transmitted checks you shared with us—we’ll match the account number, check number, and dollar amount of each check presented for payment against the list of checks previously authorized.
All three of these components of the check must match exactly. If a check doesn’t match, you’ll receive an alert to review the image and decide whether to approve or reject it—all within your online banking portal.
How can Positive Pay help my business?
Positive Pay works as an electronic cash management service that allows you to proactively monitor the validity of issued checks with a number of benefits including:
- Reduce unauthorized transactions
- Prevent fraudulent duplicate checks
- Approve or decline payments before posting
- Simplify account reconciliation
- Manage cash flow with daily check notifications
Why use Field & Main Bank for Positive Pay?
At Field & Main, we combine cutting-edge fraud prevention with the personalized service of a community bank. Our Positive Pay solution helps protect your business from check fraud while giving you greater control over your cash flow. With dedicated commercial bankers, direct lines of communication, and in-person support across Central Kentucky, Western Kentucky, and Southern Indiana, we ensure you have the tools and expertise to safeguard your accounts—quickly and conveniently.
Protect Your Business with Positive Pay
Ready to take advantage of our efficient and secure treasury management services and dedicated, local service? Visit one of our convenient locations in Henderson, Lexington, or Cynthiana, Kentucky, and Evansville, Indiana to learn more about what we can do for your business.
