Protect against check fraud while streamlining check reconcilement.
Free staff from the critical, but time-consuming, task of check reconciliation. By comparing check issue information with data captured during check processing, FNB can detect items that do not match. We generate a daily exception report for you to review, also known as a positive pay method. This service helps manage the risks associated with check fraud and provides you with the security of knowing that the checks being paid are actually the checks you issued.
Reduces risk due to check fraud
Receive a paid and outstanding check report at month end
Time-saving and efficient work environment
Everyone wants to reduce the potential risks of check fraud, and the Account Reconcilement/Positive Pay service will help you do that. Gain control of check fraud and streamline check reconcilement, while creating a more efficient work environment by eliminating the need for employees to manage account reconcilement.
Account/Reconciliation/Positive Pay is easy to set up. Establish a client number assigned by the bank and provide an outstanding check file. Checks that are entered into FNB's system for processing are matched against the issue file. Review all exception items from the daily report and make a risk decision that morning. At month-end you will receive a paid check and an outstanding check reconcilement report.
FNB offers a full breadth of products and services for your needs.
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