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Positive Pay

Positive Pay is a great way to reduce the risk of fraudulent activity on commercial checking accounts.

It allows the bank to work with its customers to identify unauthorized transactions before the final payment.

Positive Pay is a great way to reduce the risk of fraudulent activity on commercial customer's checking accounts. It allows the bank to work with its customers to identify unauthorized transactions before the final payment. 

Positive Pay electronically sends information to the user's e-mail address about checks that are posting each business day.  As checks are posted, the system will verify them against the information provided by the client via a check issued file. The client creates the checks issued file, which consist of the check number and dollar amount. If the information does not match, the checks will be held pending client review and approval. 

This double verification method helps protect customers and the bank against some of the most common check fraud schemes.  This process is in place to ensure the customer's records match the actual checks before issuing the final payment, giving customers a chance to review a fraudulently written check in a timely manner. If the check is not authorized, it is returned the next business day and a credit is posted back into the account.  

Benefit of Positive Pay:

• Reduce fraud risk

• Customers will receive an email alert of unauthorized transactions

• Customers can return unauthorized transactions the next business day

 

 

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Business Online Banking

Business Online Banking

Transfer funds, check balances, and pay bills with Business Online Banking.
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Who We Are

The Harbor Bank of Maryland
25 W. Fayette Street
Baltimore, Maryland 21201
(410) 528-1800
NMLS# 417182
Routing #052001772

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