How Q2 Centrix Positive Pay protects against ACH and check fraud
Protect your commercial clients with automated, full-featured transaction management for ACH and checks with Q2 Centrix Positive Pay.
This powerful, scalable fraud prevention solution can help business account holders of all sizes. It coexists with your legacy technology or easily integrates into the Q2 Digital Banking Platform.
Our solution reduces your reliance on manual decision-making and speeds up exception processing, helping protect you and businesses you serve from ACH and check fraud.
Faster account reconciliation
Validate payment-related information and manage exceptions faster without overburdening staff. Plus, save time and free up your resources for growth.
Centrix Positive Pay provides full account reconcilement of all ACH transaction activity and automated notification to corporate clients when exceptions exist.
Payee Match functionality for even more protection
Add another positive pay layer of protection against unauthorized checks written to fraudulent payees.
Payee Match effectively compares the payee on the check image to the payee name on the issued check file to validate the payee. It validates handwritten checks and detects washed and fraudulent checks. Built with advanced machine learning capabilities, Payee Match helps financial institutions detect suspected fraud more effectively. Q2 customers using Enhanced Payee Match detected 3x more suspected fraud on average for protected accounts compared with accounts without the feature enabled.
Customizable ACH reporting for NOC, returns and EDI payments
Robust, customizable, self-service reporting for community businesses or larger corporations scales with your institution and your account holders to boost overall efficiency.
Get critical data on Notice of Changes (NOC), returns, and Electronic Data Interchange (EDI) payments. You’ll also receive actionable insights regarding abnormal return patterns and other warning signs. Our positive pay solution supports risk scoring and ACH exposure monitoring.
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Replace inefficient, manual processes
With cutting-edge automation, your institution can offer commercial products while reducing back-office burdens and mistakes, all while providing a user-friendly experience.
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Drive efficiency with robust integration
Streamline processes through integration with many digital banking systems using single sign-on as well as check image APIs.
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Bring positive pay to the teller line
Extend positive pay protection to the teller line to help identify exceptions before checks are cashed.
“Before Centrix, we had under 200 customers on positive pay. Now we’re onboarding five or six new users a week. At last count, we had more than 760 users.”
VP Operations, Nicolet National Bank