Positive Pay
Positive Pay from MHV matches every check and ACH debit against what you authorized and lets you approve or return anything that doesn't fit.
check fraud, fraud prevention
Positive Pay: the final say on every check and ACH debit.
We match every check and ACH debit to what you issued. Anything that doesn't match comes to you the next morning to pay or return.
Positive Pay puts a person—you—between your money and anything you didn't authorize.
Check washing, forged signatures, a vendor's stolen login used to push a fake ACH: business account fraud is a routine crime now, and business accounts don't have the same protections consumer accounts do.
Three steps, mostly automatic.
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You tell us what you issued. Upload your check register from your accounting software, or key checks in. For ACH, you set rules: which companies may debit your account, and up to how much.
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We match. As checks and ACH debits arrive, MHV compares each one to your list: check number, amount, payee, date; company ID and amount for ACH.
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You decide the exceptions. Anything that doesn't match shows up in digital banking and by alert. Approve it or return it by the cutoff time.
The ways business accounts get drained.
Altered checks
A check you wrote for $480 comes through for $4,800.
Counterfeit checks
Someone printed checks using your account number.
Washed checks
Your payee's name is chemically removed and replaced.
Unauthorized ACH
A company you've never heard of debits your account, or a real vendor debits more than agreed.
Internal mistakes
A duplicate payment or a check cut to the wrong vendor gets a second look.
$40 a month, per enrolled account.
Enroll the accounts you write checks from; leave savings and reserve accounts off. One returned fraudulent check pays for years of it.
If you write checks or authorize ACH debits, Positive Pay is for you.
Contractors and trades paying subs and suppliers by check
Nonprofits, churches, and school groups where a volunteer treasurer handles the books
Medical and dental practices with vendor ACH pulls
Property managers moving owner and tenant funds
Any business that has ever had a check stolen from the mail
How to Enroll
Speak with a business banker
We turn on the service and set your alert preferences.
Upload your first register and start building your future rules.
Turn it on before you need it.
Frequently Asked Questions
$40 per month for each enrolled account.
MHV returns exceptions that aren't reviewed in time.
Yes, for checks to be matched. Most accounting software exports a register file in one step. If you only write a few checks a month, you can key them in.
Yes. You approve which companies may debit your account and set limits; anything else is held as an exception.
Not the way a personal account is. Consumer accounts have federal protections and long dispute windows; business accounts generally have much shorter windows and more responsibility on the account holder to catch problems. Positive Pay is how businesses catch them.
Mid-Hudson Valley Federal Credit Union. Federally insured by NCUA.
Positive Pay is available to MHV business members on eligible business checking accounts for a monthly fee of $40 per enrolled account. Positive Pay is a fraud-mitigation tool and does not guarantee the detection or prevention of all fraudulent or unauthorized items. Exception items must be decisioned by the daily cutoff; items not decisioned by the cutoff will be handled according to the default disposition selected at enrollment. See the Positive Pay Service Agreement for terms.