Fraud detection
Catch suspicious payments before they clear.
Payee match verification
Ensure payments go to the right recipient.
Exception alerts & control
Review and decide on flagged transactions.
How Positive Pay works.
Once enrolled, your business submits a list of authorized checks to Everwise. When a check is presented for payment, we compare it against that list using key details such as: payee name, check number, issue date, or dollar amount.
If the information matches, the check clears normally.
If any details don’t match, the transaction is flagged as an exception. Your business will be notified and given the opportunity to review the item and decide whether to approve or return the check.
Enhanced protection with Payee Match.
Payee match verification adds another safeguard by confirming that the payee listed on the check matches your original record.
If the payee has been altered, the item will appear in your exception review so you can determine whether the check should be processed or returned. This proactive approach helps prevent fraudulent payments before they impact your account.
Why Positive Pay matters.
Business accounts often have as little as 24 hours to report unauthorized transactions to avoid liability. Catch suspicious activity early so you can act quickly.
Benefits include:
- Reduced risk of check and ACH fraud
- Early alerts for suspicious transactions
- Greater control over business payments
- Added peace of mind for business owners
Get started with Positive Pay.
Connect with a Business Relationship Manager wit get started.
Subject to membership eligibility requirements. Loans subject to credit approval. Borrower must be a resident of Indiana or Michigan, and for home loans property must be in Indiana or Michigan. All credit union programs, rates, terms, and conditions may change without notice.