benefits of positive pay
Benefits of Positive Pay Include. 1  Reduces check fraud. 2  Places checks on hold if the serial number and amount do not match. 3  Allows you and Arvest Bank to review exceptions and choose whether to release for payment.  A default action of âreturnâ kicks in after a specified amount of 1  time. Available for a small monthly  fee.
Positive Pay Features and Benefits. 1  Helps stop unauthorized transactions from clearing your account with improved control and security. 2  Includes protection against payee alteration. 3  Gives tellers access to the most current check information available when cashing items.