Positive Pay/Account Reconciliation
Positive Pay and Account Reconciliation services provide an important layer of security for your transactions.
Positive Pay is a fraud detection service that allows business clients to send issued check information to Pegasus Bank, which is then matched to checks clearing the account. Customers will be notified of any exception items and can make pay or return decisions.
- Risk reduction: Helps in preventing unauthorized account activity
- Convenient: User-friendly online tool
Account Reconciliation provides complete reports of paid items, outstanding checks and stop payments.
- Cost efficient: Provides a faster, more accurate and less expensive method of reconciling accounts
- Increases productive work time: Reduces the amount of staff time devoted to account reconciliation tasks
- Improves audit control: Account reconciliation provides accurate, permanent records of each transaction