Bank-integrated fraud prevention that works around the clock
Positive Pay
Positive Pay is ChequeGuard's final layer of defense in the fight against check fraud—directly connecting your issued check data to your financial institution. By verifying each check before it clears, it stops altered or counterfeit checks from ever hitting your account.
When combined with CheckSeal™, CheckTeller™, and CheckPoint™, Positive Pay forms a closed-loop fraud prevention system that protects your payments from every angle.
How Positive Pay works
- 1
Issue & encrypt
Each check you create is secured with a unique CheckSeal™ code containing all key issuance details.
- 2
Transmit data
Your issued check file—complete with encrypted data—is securely sent to your bank.
- 3
Bank validation
As checks are presented for payment, the bank matches them against your transmitted file.
- 4
Exception handling
Any discrepancies in amount, payee, or check number are flagged for review before payment is made.
Protection against multiple fraud scenarios
- Stolen checks presented with altered payee names or amounts
- Duplicate checks printed from stolen or copied stock
- Counterfeit checks mimicking your company's design and account details
- Unauthorized reissues of previously cleared checks
Fully integrated with ChequeGuard technology
- CheckSeal™ secures each check with a tamper-proof encrypted seal
- CheckTeller™ catches fraudulent checks before acceptance
- CheckPoint™ provides centralized oversight and reporting
- Supports automatic file creation and secure transmission from all major accounting systems
Key benefits
- Stops fraud before funds leave your account
- Reduces losses from altered and counterfeit checks
- Meets compliance standards for corporate treasury and banking security
- Reduces operational workload through automation
- Enhances trust between you and your banking partners
Where it fits
- 1
Issue
Checks are printed from your existing accounting system through ChequeSeal or ChequeSuite.
- 2
Encrypt
Key check data is encoded into a secure barcode on the check at the source.
- 3
Scan
The check is scanned at deposit or clearing by CheckTeller or CheckPoint.
- 4
Validate
Encoded data is compared with the printed serial number, amount, date and payee.
- 5
Flag
Discrepancies are flagged as exceptions for review before funds are released.
Close the loop on check fraud prevention
Positive Pay is the final checkpoint between your issued checks and your bank account, giving you full confidence that only authorized payments are processed.
Strengthen Your Check Security Strategy.
Discover how Cheque Guard can help your organization improve check authentication and strengthen fraud prevention workflows.