CASH MANAGEMENT SERVICES
Positive Pay Service
From Provident Bank
At Provident Bank, we're committed to providing your company with one of the most effective deterrents to check fraud - Provident's Positive Pay Service.
When it Comes to Check Fraud - Think Positive
Despite the growing use of online banking and online bill payment, many businesses still receive check payments. That's why it's important to guard against fraudulent checks. The lost revenue, fees and time spent filling out paperwork can make you want to stop accepting checks altogether. But before you do, try Positive Pay - Provident's detection system that enables us to work together with our business customers to detect check fraud.
When checks are presented for payment at Provident, they are electronically validated against a check item file that you've provided to our online system. Checks that do not match the issued items become exceptions that can be reviewed by authorized online banking personnel at your company.
For more information on Provident's Positive Pay Service and other cash management services, contact your Cash Management Officer at 732.726.5441 or visit a nearby Provident Bank branch.