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Corporate Banking

Combat Check Fraud

Positive Pay

    First Commonwealth matches check serial numbers and dollar amounts of checks presented for payment against a check issue file supplied by you, and pays only those checks that match. Unmatched items are flagged as potentially fraudulent, compiled into detailed reports and delivered to you via Business Online Banking, whereby you can make "pay/no pay" decisions on each item. End of day transmissions documenting all paid and returned items are available as well so that you can update your accounts payable, general ledger and online inquiry systems daily.

Benefits
  • Reduces risk of losses associated with check fraud

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