Positive Pay is a BB&T service that protects your business from fraud, 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.

How it Works

The entire BB&T 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.

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.
Step 3	Suspect items are reported to your company via BB&T CashManager OnLine. Your company advises BB&T via BB&T CashManager OnLine of those checks that are to be paid and not paid.

Benefits

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
Easy to Use	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 p.m. Eastern Time. Simplifies end-of-month reconciliation by already identifying mismatched items