Risk & Fraud Management

  1. Risk & Fraud Management
  2. Positive Pay

Positive pay software for ACH and check fraud prevention

Check and ACH fraud continues to cost businesses and financial institutions millions, and manually matching payees and reconciling accounts leaves gaps fraud can slip through. Q2 Centrix Positive Pay automates that validation, flags exceptions instantly, and generates fee income for your institution, without adding back-office burden.

This comprehensive positive pay solution enhances security, streamlines account reconciliation, and minimizes risk while also supporting compliance with NACHA rules for ACH transactions.

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  • $1.5B* in total fraud prevented
  • >380K* fraud transactions prevented
  • >$2M* in fraud prevented per institution

* 2025 totals

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Automated positive pay that reduces manual work and fraud risk

Q2 Centrix Positive Pay is an automated, full-featured positive pay and transaction management solution designed to deliver powerful fraud prevention for businesses. Financial institutions provide Q2 Centrix Positive Pay to businesses of all sizes to validate payment-related information and manage exceptions. 

Full account reconcilement of all transaction activity with a full range of features

Apply business rules for ACH positive pay authorization and to establish automated notification to clients when exceptions exist. 

Payee Match functionality

Another layer of protection against unauthorized checks written to fraudulent payees is also available. More effectively compare the payee on the check image to the payee name on the client’s issued check file to validate the payee, validate handwritten checks, and detect washed checks. 

ACH detail reporting

Get critical data on Notice of Changes (NOC), returns, and Electronic Data Interchange (EDI) payments, all in one place.

Generate fraud insights with customizable reporting

Community businesses and large corporations alike will appreciate the customizable, self-service reporting and management dashboard to visually track, analyze, and display important metrics and data points. With same-day data updates, it’s easier than ever to enable proactive fraud detection and prevention.  

Produce reports covering a range of needs

Reports can cover notice of changes (NOC), returns, EDI, and other critical areas that require tracking and analysis.

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Integrates with your digital banking platform and legacy systems

Integration is offered with many digital banking systems through single sign-on as well as check image APIs. Q2 Centrix Positive Pay can coexist with your legacy technology or easily and quickly integrate into the Q2 Digital Banking Platform.

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Positive pay for the teller line

Your back-office staff will experience less stress and fewer mistakes with positive pay. Plus, with our real-time API, your tellers become more directly involved in positive pay. They have the tools to identify fraudulent checks before accepting or cashing them.

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Automate positive pay file uploads with CheckSync by Monit

Low positive pay adoption is often caused by one thing: the manual effort of uploading check issue files. CheckSync by Monit solves this by connecting SMB accounting systems directly to Q2 Centrix Positive Pay, automatically syncing check data on an hourly basis after a simple setup.

“Having Centrix’s Positive Pay, ACH filter, and account reconciliation has kept us competitive with the big banks. We had a very large customer considering coming to Bank of New Hampshire, and they asked if we had deposit reconciliation. At that time, none of our customers had ever needed or used it. But we were able to call them and say, ‘Yes, we have that as part of our positive pay suite.'” 

Eric Carter
Senior Vice President of Electronic Banking
What is Positive Pay?

Positive pay is a bank fraud prevention service that verifies checks against a list provided by the business. Any mismatched information (check number, amount, issue date, payee name) is flagged as an exception for review before payment.

How does positive pay prevent check fraud?

Positive pay ensures that only authorized checks are paid, by verifying details against a list of issued checks. Any altered, duplicated, or unauthorized checks are flagged for review before processing. 

What’s the difference between positive pay and reverse positive pay?

With positive pay, the bank proactively verifies checks against the business’s issued list. With reverse positive pay, the business receives a report of presented checks and must manually review and approve them before payment.

What is account reconciliation software?

Account reconciliation software is a tool that automates the process of matching a company’s financial records with bank statements to detect discrepancies, prevent fraud, and streamline reconciliation. 

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