What is positive pay at the National Bank of Middlebury?
Positive pay at the National Bank of Middlebury is a powerful automated cash management and fraud-prevention service offered to commercial business account holders to combat check fraud. Utilizing this security feature, a business transmits its issued check details—including check numbers, exact dollar amounts, and payee names—directly to the bank prior to presentation. When checks are presented for clearing, the bank automatically compares them against the authorized list, immediately flagging any discrepancies for client review before payment approval.
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