ACH Positive Pay
Protect your business.
Safeguard your business with confidence.
ACH Positive Pay gives you control over electronic transactions, letting you decide which ACH debits are authorized to post to your accounts. It’s one more way INSBANK helps protect what you’ve built—so you can focus on what’s next.
The Solution
With ACH Positive Pay, ACH debit transactions that are presented for payment from your account(s) are displayed through INSBANK Digital Banking as Exceptions. You can review Exceptions during the Review Period and the decision legitimate items to pay or reject unauthorized debits. * During the Review Period, you can set up payment rules to pay or reject future transactions presented by the Originator.
Payment rules can be established for each Originator based on:
- Originating Company ID
- Maximum Dollar Amount
- Transaction Type
You simply log in to Digital Banking to view Exceptions and instruct INSBANK to accept or reject each exception. If no decision is made on an Exception item by the cut off, the ACH debit transaction will be rejected.
If you choose not to set up payment rules for an Originator, all ACH debits presented to your account will be considered Exceptions, and you can make the
decision to accept or reject every transaction.
Benefits
Saves you time, money, and worry
involved in dealing with unauthorized or fraudulent transactions.
--> Add, edit, and delete rules for incoming ACH debit transactions by Originator ID.
--> Check Positive Pay and ACH Positive Pay Exceptions are decisioned in the same module
*Rejects will be processed as Corporate Customer Advises Not Authorized.
Explore More
FDIC - Insured - Backed by the full faith and credit of the U. S. Government