BUSINESS BANKING / Positive Pay POSITIVE PAY In today’s business environment it is important for every business owner and professional to utilize the most appropriate banking solutions that meet their specific needs. Positive pay is one of those unique services that provide your business with fraud protection as it represents an automated check-matching service that will identify checks that have been altered and/or were fraudulently issued. When you business takes advantage of this service Sun American Bank can validate check numbers and payment amounts prior to paying the check. How does Positive Pay work: You submit a file that confirms the check numbers, dollar amount and check dates issued to Sun American Bank Sun American Bank compares the paid checks to the file upon presentment and notifies you of any mismatches or potential suspect checks When you receive the notification you review the file and advise Sun American Bank to pay or not to pay Benefits to Positive Pay: Prevents financial loss due to check fraud Saves time and money by automating the labor-intensive reconciliation process Improves audit control for issues and cleared checks Assists in minimizing the effect of encoding errors Provides you with an immediate advice of suspect checks so that you can research and confirm pay or not to pay.  For More information please visit one of our financial centers or call us today.