Positive Pay

Advances in technology have made it increasingly easy for criminals to manipulate or counterfeit checks, making fraud control a major concern for Alaska businesses. With First Nationals fraud prevention service, Positive Pay, your business will have full confidence that only the checks you issue will be paid. Positive Pay is a check matching service that helps curb and eliminate common fraud attempts against your business and the bank.

Could your business benefit from Positive Pay?

  • Has your business ever been the target of check fraud?
  • Does your business frequently issue a large number of checks?
  • Would you and your investors prefer the certainty of knowing that every check clearing your accounts was issued by you?

How does it work?

Your business will issue a daily electronic list of pre-approved checks that the bank then uses to match with checks presented for payment. If a check serial number and dollar amount match with the daily list, the check is paid. Checks that do not match the list will be marked and identified as exceptions, which could potentially be fraudulent. Exceptional items are then listed in a daily report to your business for pay/stop pay instructions. By significantly reducing the potential for check fraud, Positive Pay can save your business time, effort and money.

Here is what Positive Pay could do for your business

  • Reduce potential exposure related to check fraud
  • Identify exceptions at the time of payment, rather than sorting through subsequent statements
  • Quickly reconcile and review payments by sorting only through identified exceptions

Defeat counterfeiters by quickly identifying fraud

Positive Pay can help your business quickly identify potentially fraudulent and other exceptional pay items. You will have the ability to promptly instruct First National to return any deviant items. To learn more about how Positive Pay can help protect your business from fraud, contact First National Cash Management Specialists at 777-4685 or 1-800-856-4FNB for communities outside of Anchorage. Return to front page

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The articles and opinions in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest you consult your attorney, accountant, financial or tax adviser with regard to your individual situation. Entire publication. For publication information, call (907) 777-3409.


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Local Phone: 907-777-4362 · Toll Free: 1-800-856-4362