Treasury Management Services

Positive Pay

How it works
  1. Each time your accounts payable system generates checks, you transmit a "checks issued" file to Compass Bank.*
  2. Each day, we compare your issued check data to our daily paid check file to ensure that all checks presented for payment have been issued and are presented for the correct amount.
  3. If any items do not match the issue data, we will provide that information to you early in the day so that you can determine whether to honor or return the item.
  4. Exception processing also permits unresolved items to be returned unless the bank is notified.
    *You can automate the creation and transmission of your Positive Pay issue file using AP Technology's SecurePay software.

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