Positive Pay
From cyberattacks and identity theft to financial scams and deceptive practices, businesses are constantly faced with numerous threats that can severely disrupt their operations, jeopardize their financial stability, and damage their reputation. Fortunately, our Check Positive Pay service designed for businesses of all sizes, provides an effective response to fighting fraud.
What is Check Positive Pay?
Check Positive Pay is a robust preventative tool designed to safeguard your accounts against potential monetary losses linked to fraud. Positive Pay works to protect businesses like yours against fraudulent activity.
How does Check Positive Pay work?
The concept behind Check Positive Pay is simple, yet highly effective. To initiate the process, simply enter or upload the issued check information into your online banking platform. From there, Positive Pay will swiftly authenticate the validity of checks submitted for payment. This includes key details such as the check's serial number, issuance date, dollar amount, and payee. Orrstown Bank then compares this information with checks presented for payment against your business' account. Any "suspicious" items (those presented without a corresponding issue) are immediately flagged, and you, the client, are promptly notified via email alert. Through use of online banking, you can choose to allow the payment if it is legitimate or dishonor the item to stop any fraudulent activity from impacting your business.
Why Choose Check Positive Pay?
Positive Pay is a strong defense against check fraud, reducing risk of loss for your business.
With immediate notifications of any suspicious items, you have the power to act swiftly and make informed decisions to protect your business.
Positive Pay provides the ability to conveniently allow or dishonor suspicious checks, putting you in control of the financial security of your business.
Our online banking platform makes it easy for you to enter or upload check information.
Protect your business and support our community in the fight against fraud. We strongly believe in the effectiveness of Positive Pay and its ability to benefit local businesses. That's why we're thrilled to offer you a free 6-month trial of Check Positive Pay. Once the promotional period ends, you'll only be charged $10 per month for each enrolled account. Don’t miss this offer. To learn more about this opportunity, please call us at 1-844-709-3458.
ACH Positive Pay
Looking for added security against fraudulent activities? Consider adding ACH protection to your Check Positive Pay plan for an extra layer of security. Connect with an Orrstown representative to learn more about this valuable feature at 1-844-709-3458.
*Positive Pay only works with an Orrstown business checking account and online banking.
1Effective 1/26/2024, the monthly cost of Check Positive Pay is $10 per account. Please note that this fee excludes ACH Positive Pay. For details on pricing for ACH Positive Pay, please contact us. You may discontinue use of the service by giving us at least 30 days notice. There will be a $75 fee for cancellation within 3 to 12 months of service initiation.
VISIT US ON
