Positive Pay
Reduce the risk of check fraud with Positive Pay from Coral Banking Corporation. With this service, you submit an electronic file each day, detailing the checks your business issues. As each check is presented for payment, the Positive Pay system electronically compares it to the information in your file. Any discrepancies are flagged and reported through our online banking system, where you can see an image of the check and make an online "approve/return" decision.
Positive Pay services not only help prevent check altering and forgery, they also automate your account reconciliation process. That means you spend less time and money on reconciling accounts, and gain a streamlined approach to check storage and retrieval.
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