Prevent Fraud with Positive Pay
Positive Pay from Westamerica Bank is an effective tool to increase efficiency while protecting your business from check or ACH fraud due to unauthorized items.
Prevent Check Fraud with Positive Pay
With Positive Pay, suspect items can be identified prior to clearing, preventing losses from occurring.
- Using our Onsite Banker Plus online cash management system, your organization transmits to us information for checks issued on your Westamerica account such as date, serial number and dollar amount.
- Checks that are presented to us for payment with discrepancies or no match are flagged as an exception item.
- Your organization is noticed of pending exception item(s) requiring a pay or return decision.
- After you review the item(s), you instruct the bank to pay or return them. All activity is done quickly and efficiently online through Onsite Banker Plus.
ACH Positive Pay
ACH Positive Pay is an effective tool to help protect your company from ACH fraud. With ACH Positive Pay service, unauthorized ACH Items are captured and available for your immediate review. This is an automated program that allows you to identify ACH items which are authorized to pay from your account. You provide Westamerica with the authorized company names, tax identification numbers (TINs) and the last day the company was paid. Only ACH Items presented by the authorized recipients matching the information you provide will pay against your account.
Any ACH item not matching your unique list will be reported to you first thing the following business morning and will automatically return unless contact us to pay the item.
If you are interested in establishing Positive Pay for your organization, contact your local branch and one of our Sales and Service Specialists will work with you to set up the service.
