CenterPoint® Fund Accounting - Positive Pay Processing Video - Duration: 9 min 59 sec

Positive Pay Processing Document

 

This video covers the Positive Pay process which is a system for preventing check fraud that is offered to companies by most commercial banks. Positive pay allows banks to match the checks a company/funds issues with those that are presented for payment. Positive Pay file formats vary from bank to bank. CenterPoint has pre-defined format layouts and any format for any bank can be created. If your bank is not one of the pre-defined layouts, please contact Red Wing Software Technical Support for assistance on having a positive pay format defined.