Positive Pay File Generation and Transmission for Outsourced Checks

Banks verify that outsourced check payments are printed or voided as per the instructions shared in the positive pay file. The payment status in the bank is always reconciled and synced up with the corresponding status in the ERP application. Automatically generate positive pay files for outsourced check payments included in the electronic payment file. 

The enhancement to generate a Positive Pay File for outsourced check payments helps banks and business organizations to eliminate fraud and establish effective internal control on the payment and clearing activities.

Steps to Enable

You don't need to do anything to enable this feature.

Tips And Considerations

The positive pay file for the electronic payments uses the transmission configuration set up in the payment system. A new Payment System Account - Positive Pay Transmission Configuration is predefined in the ISO20022 Payment System.

Name - Positive Pay File Transmission Configuration

Code - POSITIVE_PAY_TRANSMIT_CONFIG

The transmission configuration must be added to the ISO20022 payment system and this must be attached to the payment process profile. Alternatively, users can add the same payment system account setting to other payment systems and attach the same to the payment process profile.

Key Resources