Overview
Resware can be used to generate positive pay files for the bank, which tells the bank of checks that have been disbursed and/or voided. Positive pay files can be generated as often as a company chooses, but it is recommended to do so at least daily. Utilizing the ability to authenticate checks is a tenant of ALTA’s Best Practices.
To demonstrate how to set up and use positive pay to verify the authenticity of payments.
Resware can be used to generate positive pay files for the bank, which tells the bank of checks that have been disbursed and/or voided. Positive pay files can be generated as often as a company chooses, but is recommended to do so at least daily. Utilizing the ability to authenticate checks is a tenant of ALTA’s Best Practices.
Admin/Accounting/Bank Accounts
- Set a positive pay file format on a bank account to send a positive pay file.
Note: If the bank being used is not in the list, get the format from your bank (each bank is different) and send it to Resware to provide an estimate for adding it.
Accounting/Positive Pay Export
- Once this format has been set, select the account or accounts to export, browse to the location to which the files should be exported, and click Export.
- Once the export is complete, log into the bank’s website, navigate to wherever positive pay files are uploaded, and browse to the location where the file was exported.
