A software system designed by Prelude Software.
PayPositive is a software solution for banks and businesses working together to detect check fraud. US businesses lose twelve billion dollars annually to check fraud. PayPositive helps stop check fraud before checks are cashed.
Prelude’s PayPositive solution enables a bank to offer easy and flexible positive pay security to its commercial customers. Both the bank and the banking customer use the intuitive, menu-driven software to perform either positive pay or reverse positive pay processes, depending on the type of service the bank chooses to offer.
PayPositive software provides a file definition tool that allows a bank and its customers to create and share issued check data. The bank can easily import presented items into PayPositive and split this data into customer-specific files. The banking customer can import data from virtually any of their payment originating systems.
The PayPositive communications interface facilitates data transmissions between the two parties. With just a few streamlined procedures, positive pay customers can build issued check files to send to the bank. Reverse positive pay customers can compare their payment data with data from the bank, and report on and manage any exceptions.
PayPositive is designed to help banks quickly add check fraud protection to the list of services they offer business customers.
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