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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 these tools at their disposal to put a fraudulent check scheme in motion.  That's why M&T Bank offers Payee Positive Pay Service; an important step in guarding against check fraud.

M&T Bank's Payee Positive Pay Service can be used with or without M&T Bank’s Full Reconciliation Service.  For better fraud protection, Full Reconciliation Service should be used in conjunction with Payee Positive Pay 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, please send us an email, call 1-800-724-2240 to speak to one of our experienced Commercial Service Team Representatives, or contact your M&T Relationship Manager.

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