Positive Pay


Your defense from Check Fraud! Positive Pay is an automated fraud detection tool offered for your protection. This service matches the account number, check number and dollar amount of each check presented for payment against a list of checks previously authorized and issued by your business.

When all three components of the check do not match exactly you will be contacted by a First National Bank of Pana representative.

  • Sophisticated defense against check frauds and losses
  • Provides multiple layers of security
  • Errors are detected prior to month-end, which will improve your account reconciliation process

Frequently Asked Questions (FAQs)

Q How does Positive Pay work?

Essentially, the Positive Pay System verifies the checks that are presented and paid with the checks that have been issued.

Q How does the Bank identify issued checks?

Whenever checks are issued, Positive Pay customers will need to provide the Bank with a file of issued checks, either on disk or through secure mail. The file format must be in a flat file format or a QIF format most common to most readily available money management software.

Q What type of accounts are eligible for Positive Pay?

Any checking account can be set up to use the Positive Pay service. Accounts that consistently have larger balances and a high volume of transaction activity will probably benefit the most from this service.