Anywhere Positive Pay
Anywhere Positive Pay uses targeted OCR on images of pre-printed business checks and compares the recognized payee names to the payee field of the issue file to proactively identify payee alterations.
Financial institutions and treasury departments typically subscribe to positive pay services to limit fraud exposure on corporate accounts. The majority of positive pay systems only match on serial and amount fields, leaving a “check theft” alteration undetected. With Anywhere Positive Pay, the system searches for payee alterations by both reading the payee as well as searching for payee replacements and payee edits, including “and/or” additions to the printed payee field.
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