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Payee Positive Pay

Reduce Exposure to Check Fraud

For years, check fraud and forgery were generally committed only by the most technically sophisticated and artistically talented criminals. Now, with more powerful and user-friendly computer technology and high-quality printing equipment readily available, criminals have sophisticated tools at their disposal to put a fraudulent check scheme in motion. That's why M&T Bank offers Payee Positive Pay, an important step in guarding against check fraud.

When M&T Bank's Payee Positive Pay service is used with M&T Bank's Full Reconciliation Service, your company sends M&T a daily file of checks that have been issued. M&T then compares the check serial numbers, dollar amounts, and payee name of checks that match your check issue file. Checks failing this match are reported to you for a decision as to whether they should be paid or returned to the bank of first deposit.M&T offers additional Treasury management services that can help protect you from check fraud, including:

  • Stop payments
  • Maximum dollar amount settings
  • Stale date control
  • Electronic payment services

To find out more, call M&T's Commercial Service Team at 1-800-724-2240, or contact your M&T Relationship Manager.

 
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