Positive Pay Standard Export (AGS-20247)

Benefits

Allows the company to generate a “Positive Pay” output file to send to your bank.

Positive pay is an automated cash-management service used by financial institutions employed to deter check fraud. Banks use positive pay to match the checks a company issues with those it presents for payment. Any check considered suspect is sent back to the issuer for examination.

Description

Navigation: BNK, Report Manager, Advanced Reports, Print Standard Report

A new standard report is now available: Positive Pay MICASH Format Output File. The standard report can be used as a template to make a user-defined report for any additional modifications.

By default, the report will be placed in the dataset folder, but the user-defined report will allow you to specify where on your network to create the file, as well as control the name of the output file.

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Specify the beginning and ending Check Date and/or Check Number Range, as well as your Bank Number.

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The output file will be generated based on the standard MICASH format shown here.

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