This positive pay solution is designed so that financial institutions and their enterprise customers can proactively monitor changes in payments information. AFS Positive Pay allows financial institutions to monitor SMB payments and receive real-time notifications when payment information – including routing numbers, account information, amounts or other details – are at odds with the normal run of business. 

AFS Positive Pay’s items can be processed on-demand or in batch. Here’s how it works:

• Contribute – The financial institution works as a hub and contributes/updates item data on behalf of their business account clients. Business accounts themselves also have an option to contribute/update items. This is done throughout the lifecycle of the item and can be monitored accordingly.

• Query – AFS Positive Pay allows financial institutions to track disbursements for updates to payment information. As a financial institution receives a check or ACH, AFS Positive Pay processes and queries the item against contributed source data.

• Alert – If payment information is changed or altered compared to the information contributed by the business, the financial institution will be alerted in real time, prior to the disbursement of funds, for investigation.