Business payment controls
Reverse Positive Pay
Reverse Positive Pay is a check-review approach that can help a business examine checks presented against an account. Availability, review steps, decision deadlines, and account eligibility depend on the bank’s service terms.
How the process may work
In a reverse positive pay arrangement, a business receives information about checks presented for payment and reviews exceptions according to the service’s stated process. The business should understand when a decision is due and what happens if no response is submitted. Workflows vary by provider and account.
Questions to ask
- Is the service available for your account, and which accounts are eligible?
- How and when are presented checks made available for review?
- What are the response deadlines and default decision rules?
- Who is responsible for reviewing exceptions and maintaining authorization controls?
- Are there service fees, setup steps, or other terms to review?
Review availability with Noven CreditUnion
Ask Noven CreditUnion whether this service is currently offered for your business and request the applicable terms before changing your check procedures.