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Positive Pay and Account Reconciliation

Protect yourself against fraudulent checks.

Positive Pay saves you from the hassle that arises when forged or altered checks clear against your bank account. Century Bank makes it easy for you to protect your account against check fraud. No matter how big or small your business is, if you use checks, you’ll benefit from the security Positive Pay brings. 

Types of check fraud Positive Pay prevents

If your business hasn’t been a victim of check fraud yet, it quite possibly could be. Check fraud is a costly problem for businesses. According to the 2019 AFP Payments Fraud & Control Survey, 70% of organizations have been exposed to check fraud. Some of the most common types of check fraud include:

  • Counterfeit checks
  • Checks with altered dollar amount
  • Forged signature
  • Stolen blank checks

How Positive Pay works

Simply upload a file with information on the checks you issue and Positive Pay ensures that the checks paid on your account match. This procedure prevents outside unauthorized checks from being processed. You are notified of check discrepancies and can determine whether to pay or return the check.

Benefits and features of Positive Pay

  • Direct data upload to the Positive Pay system
  • Check information can also be key entered for manual updating
  • Check information is also available to Century Bank tellers
  • Access control with sophisticated tokens, encryption and passwords
  • Notification of unauthorized items
  • Review items and approve payment or return via Online Banking
  • View check images conveniently from your desktop

Account Reconciliation

Account Reconciliation reduces the administrative time and cost of managing your business checking accounts

Benefits and features of Account Reconcilement

  • Receive monthly reconciliation reports electronically
  • Check stop payments can be placed for extended periods of time
  • Stale dated checks can be identified and returned
  • View check images conveniently from your desktop

Our service options include full or partial reconcilement.

Full Reconciliation Partial Reconciliation
  • All account activity
  • Detail on individual items
  • All credit or debit account for activity within the account to remain in balance
  • Items stay on report until funding adjustments are made to clear them off
  • Broad overview of month’s activity
  • Check-related activity only


Q: How do I get started with Positive Pay?
A: An agreement form needs to be completed. Please contact your banker or Customer Support to get started. 
Q: What format do files need to be in?
A: You can upload either .txt or .csv format files in our Online Banking Cash Management system.
Q: How frequently is Positive Pay updated?
A: Positive Pay updates several times a day. Items received at 8 a.m., 12 p.m. and 4 p.m. are reflected immediately.
Q: Can checks be added after a file is submitted?
A: Yes, checks can be added or voided via Online Banking Cash Management or by contacting us directly.
Q: Is there a fee to use Positive Pay?
A: Yes, there are fees for using Positive Pay. Please email us for details.

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