Positive Pay Payment Format

The Electronic Bank Payments SuiteApp enables your banks to verify check issuances by generating a file format that contains a list of checks issued by your company which the bank can use to deter check fraud—a service known as Positive Pay. The following Positive Pay templates are available:

• BoA/ML – Bank of America Merrill Lynch

• RBC – Royal Bank of Canada

• SVB-CDA – Silicon Valley Bank - Controlled Disbursement Accounts

For more information, see Verifying Issued Checks with Positive Pay.

Note:

Positive Pay templates BoA/ML, RBC, and SVB - CDA are available for all countries even without an active Electronic Bank Payments license.

Related Topics

• Setting Up Company Bank Records for Positive Pay
• Verifying Issued Checks with Positive Pay
• Creating a New Custom Payment File Template

General Notices