Venture Bank offers Positive Pay to help protect you against check fraud. Using Positive Pay, you deliver an issued check file to Venture Bank via Cash Management Online Banking. As checks post to your account, a list of exception items is automatically produced. These exception items include: presented checks not issued, checks with duplicate serial or non-authorized serial numbers, voided checks presented for payment, and checks with discrepancies in amounts. You then make a decision whether to pay these exception items. At the end of the month, a list of items issued, but not yet cleared, is automatically generated providing you with an automated Check Reconciliation.
Issued Check and Positive Pay Check File Specifications
If you would like to learn more about how Positive Pay/Check Reconciliation can benefit your business, please contact an Account Executive at one of our locations.