Positive Pay

Positive Pay is a security feature from US Bank. When a customer presents a check to a bank for deposit or cash, US Bank check it against a payment file provided by WNA. US Bank will only honor the check if it is included in that payment file. Alternatively, US Bank put non-verified checks on a secure website for WNA to authorize. This may happen when an ad-hoc check is cut and sent to a vendor which did not get included in a payment file from the IFS system.

The general process is this:

• Checks are cut using the IFS system
• The payment file is downloaded from IFS in a CSV file in a format provided by US Bank
• This file is uploaded via a secure link on the web-browser
• If the file is rejected (very unusual) IT is alerted and will correct and attempt to ipload the file again
• This process is replicated for every site

With the adoption of Syncada where checks are cut by US Bank, this process has less importance than it once did. Nonethless WNA still cuts checks for non PO Invoices and the process is still undertaken at Corporate and requires just one upload

Timeline:: 2004