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ACH Positive Pay

ACH Positive Pay is an extension of traditional check positive pay, but with a focus on transactions that come through the ACH system.  We also offer an additional module that provides a reconcilement of all ACH transactions (please ask us about this great feature) that can be exported to your own accounting system.

How it Works

  • You define the rules for account level monitoring (the rules can be changed as needed). These rules include the following:
    • Block all ACH transactions (credits/debits)
    • Allow certain class codes i.e. CCD corporate credit/debits, PPD prearranged payment
    • Set limits by originator
    • Allow only certain customers to credit or debit your account(s)
  • Every ACH transaction that is presented for payment is scrutinized based on the rules you previously established
  • You receive an email notification about exception items before payment is released, allowing you the option to return the item or release payment

Benefits 

  • Easy to use
  • Increases security against ACH fraud

 

 Fees may apply. Contact 248-737-0300 or treasurymanagement@levelonebank.com for more information.

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