Positive Pay is a check fraud prevention product offered at no charge for those National Bank of Middlebury customers enrolled in eCorp. It allows you to verify that issued checks presented to NBM are not forged, altered or counterfeit.
How does it work?
When your business issues checks, this product immediately uploads the check number, date and dollar amounts via eCorp Positive Pay. As the issued checks are presented to NBM, our system compares each check with the uploaded information. If the information does not match, NBM will send an exception report email to you the following day to review the item(s) to pay or to return. If no response is provided by you, the item will be returned to payee as ‘refer to maker’.
Please contact Shane Kean or a Customer Service Representative at 877-508-8455 to learn more about Positive Pay!