Positive Pay & ACH Filtering

These days it feels like we need a superhero crime fighter to keep our information safe. Especially since fraudulent activity on a business account must be reported no later than the next business day after the fraudulent item clears the account, in order to be protected against any loss. Luckily, Bank Five Nine offers crime-fighting products like Positive Pay and ACH Filtering to help stop fraudulent activity before it starts. 

Positive Pay 

This service is designed to protect a business customer against fraudulent or altered checks clearing the business’ checking account. 

How does it work? 

Upload a check file into Bank Five Nine’s Positive Pay system whenever checks are issued by the business. When the checks are presented for payment, Bank Five Nine will compare them to the check information you submitted and will alert you by email and/or text daily of any exceptions, giving you the option to pay or return the exception items. 

ACH Filtering 

This service is designed to protect a business customer against fraudulent or unauthorized electronic debit transactions clearing the business’ checking account. 

How does it work? 

Provide Bank Five Nine with a list of companies authorized to debit your accounts. Bank Five Nine’s ACH Filtering software will compare any incoming ACH debits to your authorized list. Any ACH debits that are not on the list are considered exceptions. When an exception is detected, the bank will alert you by email and/or text daily, giving you the option to pay or return the exception items.

Positive Pay ACH Filtering User Guide

Need a little more information, or ready to get started? Give us a shout!

Morgan Dornfeldt
Senior Cash Management Advisor
(262) 560-6365
Email Morgan