Services

Positive Pay

Positive Pay fraud detection is an additional service available in Business Online. Positive Pay allows you to review images of items that are about to clear the bank but do not exactly match your issued check item information, indicating a possible fraudulent item has been presented for payment against your account. When you issue checks, you can upload an issued check file to VNB through Business Online, and you can manually key in checks you’ve written. VNB then compares all the incoming items on your account with the data you’ve provided.

When an item does not match, in Positive Pay Exception Manager in Business Online, you’ll see an image of the possibly bogus or erroneous item, along with a reason for it being rejected. You can allow the item to pay, or you can instruct VNB to return it. If you make no decision, the item is automatically paid. Positive Pay provides you maximum control over your account in the most modern way possible, it solves problems before they escalate, and it prevents your account details from being confirmed to fraud perpetrators by having a fake item be paid.

For more information call VNB’s Treasury Management, 434.817.8544.