Positive Pay
Protect your business accounts from fraudulent or unauthorized payments with automated check and ACH verification tools built into MyCoVantage Commercial.
Stay Ahead of Payment Fraud
Positive Pay helps ensure only the payments you authorize get processed. By matching issued items against those presented for payment, you gain stronger control, faster detection, and peace of mind.
Check Positive Pay
Strengthen your defenses against altered or counterfeit checks.
- Issued Check Matching — Upload check details including date, check number, amount, and payee.
- Automated Verification — As checks clear, Positive Pay compares them to your issued file.
- Exception Review — Any mismatched items are flagged for your decision to pay or return.
ACH Positive Pay
Prevent unauthorized ACH debits from impacting your business.
- ACH Authorization Lists — Upload approved originators, transaction types, and dollar amounts.
- Real‑Time Matching — Incoming ACH debits are verified against your list.
- Exception Handling — Discrepancies are flagged for your review and action.
Benefits for Your Business
- Fraud Protection — Reduce risk from unauthorized, altered, or counterfeit transactions.
- Operational Efficiency — Automated matching saves time and reduces manual review.
- Greater Control — You decide what gets paid—every exception, every time.
- Integrated Access — Manage Positive Pay directly within MyCoVantage Commercial.
How Positive Pay Works
Positive Pay compares the payments clearing your account against the list of payments you’ve issued. If something doesn’t match, you’re notified immediately and can choose to pay or return the item.Enroll in Positive Pay
Call 800-398-2667 to speak with a CoVantage Commercial Lender to activate Positive Pay through MyCoVantage Commercial —a secure online Treasury Management platform with a centralized dashboard for managing business finances, payments, and account activity.