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| Positive Pay is BB&T's fraud protection service for small businesses, letting you easily detect counterfeit and fraudulent checks. Positive Pay works by comparing an issued check file you supply to us to the checks BB&T receives. Before your business checks are released, your company sends BB&T a file of checks written. BB&T compares that file to the checks that are presented to the bank to detect and prevent potential fraudulent activity. |
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| BB&T's entire branch network is part of Positive Pay's protection. Any checks presented to the teller in a branch are compared to your company's issued check file. If the check does not meet the information in the issue file, the customer at the teller line will be referred to your company.
BB&T's Positive Pay service is easy to use and is accessible entirely online through CashManager OnLine®.
| How Positive Pay Works |
| Step 1 |
Your company transmits a file containing issued check information to BB&T 24 hours prior to distributing the physical checks |
| Step 2 |
As checks are presented to the bank, MICR line information is compared with your company's issue file:
- Checks that match in serial number and amount are paid
- Screening for maximum dollar amounts and stale issue date items are also available
- Checks that do not match are considered suspect
- Suspect items are manually examined for encoding errors and misreads
- Any encoding errors or misreads are corrected
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| Step 3 |
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| Benefits of Positive Pay |
| Fraud Protection |
- Minimizes the potential of fraudulent check activity
- Scans for paid checks that do not have a matching issue
- Scans for fields that do not match the issue file
- Scans for duplicate checks
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| Easy to Use |
- Checks are printed with a special MICR Routing Number to speed processing
- Use BB&T CashManager OnLine to import your check issue files or enter the data manually
- Issue files received between 8:00 a.m. Eastern Time and 3:45 p.m. Eastern Time are processed same day
- Suspect items are available by 10:00 a.m. Eastern Time
- Images of suspect items are available via BB&T CashManager OnLine
- Pay or no pay decisions must be completed by 2:00 p.m. Eastern Time
- Simplifies end-of-month reconciliation by already identifying mismatched items
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| Contact us by Phone |
| For more information call BB&T Treasury Management at 1-800-810-5625 |
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| Send us an Email |
| Feel free to contact us by email |
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