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Brittenford Positive Pay

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Positive Pay is a check fraud prevention service for your Intacct …

Positive Pay is a check fraud prevention service for your Intacct
checking accounts. This solution provides another level of security
to insure your payments are made accurately. Built on Intacct
Platform Services, Positive Pay is fully integrated with the Cash
Management Module and has the flexibility to meet any bank
format required.

Published in Business
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  • 1. R Be positive – prevent check fraud. S Y S T E M S Positive Pay is a check fraud prevention service for your Intacct checking accounts. This solution provides another level of security to insure your payments are made accurately. Built on Intacct Platform Services, Positive Pay is fully integrated with the Cash Management Module and has the flexibility to meet any bank format required. Whether you are paying vendors or reimbursing employees, Positive Pay by Brittenford Systems, Inc. is the solution. COMPLETELY CUSTOMIZE THE FILE LAYOUT Easily setup and configure to meet your bank’s unique TO MEET YOUR BANK REQUIREMENTS. requirements. Positive Pay layouts can include headers, footers, and detail lines – each of which can be quickly configured to meet the format required by your bank. Define a separate file layout for each of your banks. The application works with an unlimited number of bank accounts. Once the Positive Pay formats have been defined, files are generated based upon the cutoff date specified, and historical PICK FIELD TYPES, CREATE CONSTANTS, ADD LEADING/TRAILING SPACES OR ZEROS, AND files are archived, yet still accessible for reporting purposes. ADJUST DATA FORMATS FOR EACH FIELD.www.brittenford.com PHONE: 703.860.6945
  • 2. What is PositivePay? Positive Pay is the leading method of check fraud prevention available today. The positive pay process consists of a daily reconciling between a company’s issued checks and checks presented for payment at your bank, in order to identify potentially fraudulent checks. Upon completion of a check run, a company prepares a “checks issued” data file (including check number, amount and date, as well as other bank and account information) and transmits this data to their bank. Voided checks and manual GENERATE FILES USING A CUTOFF DATE AND checks can also be included in this formatted checks issued file. DOWNLOAD FLAT FILES TO SUBMIT TO YOUR BANK. When checks are presented for payment against an account protected by Positive Pay, the check information is compared to the “checks issued” file. Checks presented for payment that fail to match with checks issued by the company are rejected. The bank then presents a list of “suspect checks” to the company for “pay/no pay” decisions. These “suspect checks” are resolved before the bank authorizes payment. The company may reject System Requirements any checks it believes to be fraudulent. Key Benefits R Support Information • Dramatically reduces check fraud Brittenford Product Support • Can be used with all US banks and multiple accounts productsupport@brittenford.com • Easy to install, implement and use modules and screens PH: 703-860-6945 About Brittenford Systems Brittenford Systems helps organizations harness the power of their financial applications. We implement, train, and support Microsoft Dynamics GP, Dynamics SL, and Dynamics CRM and cloud-based Intacct financial management system. Our cloud engineering and strategic infrastructure services enable, integrate, secure and maintain these business systems. For more information on Brittenford Systems, please visit our website at www.brittenford.com. Contact: Matt Rowley | mrowley@brittenford.com | PH: 703-828-2433 12359 Sunrise Valley Drive Suite 130 S Y S T E M S Reston, VA 20191www.brittenford.com PHONE: 703.860.6945