ACH Positive Pay definition

ACH Positive Pay. You will choose if debits, credits, or both will be presented daily for review. These items will be presented electronically through Extraco’s E-Business service.
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ACH Positive Pay. ACH Positive Pay allows you to create Payment Rules, which will determine whether an ACH transaction will be paid or blocked. If a transaction matches the Payment Rules, it will be processed. Blocked transactions will be presented to you as an Exception Item.
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ACH Positive Pay means Bank’s fraud system of electronically matching incoming ACH Transactions to Authorized ACH Entries and ACH Blocks created by Company, based on specifications by Company in its Application.
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Examples of ACH Positive Pay in a sentence

  • In such cases the account officer’s decision whether to pay or return the ACH Debit will override any decision made by Customer through ACH Positive Pay.

  • If a Customer is enrolled in ACH Positive Pay then any ACH Debit that would create an overdraft in such Customer’s Account may be included in Bank’s overdraft list that is presented to account officer’s for review and pay/return decisioning.

  • Bank offers Check Positive Pay, ACH Positive Pay, and Payee Match Positive Pay.

  • If using ACH Positive Pay, Company shall define all pre-authorized ACH Company Rules in the System for Authorized Account pursuant to the Agreement and the requirements detailed in Bank’s current Service Documentation.

  • If ACH Positive Pay Service is selected by Customer, Customer shall designate the Account(s) maintained at Bank that are to be used with the ACH Positive Pay Service.

  • This security feature is called an ACH Debit Block, ACH Positive Pay, or ACH Fraud Prevention Filter.

  • The ACH Positive Pay Service assists Customer in detecting fraud by electronically matching incoming ACH transactions to authorizations that Customer can create and manage online.

  • Depending on the type of product offered by Bank, access to the transaction Services may include, but are not limited to, ACH origination, ACH Positive Pay, Wire Transfers, Internal Transfers, stop payments, Check Positive Pay, Remote Deposit Capture, image access, online periodic statements, Mobile Services and System administration.

  • However, we strongly recommend that you use Positive Pay, ACH Positive Pay and Trusteer Rapport as part of your internal controls.

  • Our Positive Pay Services include: Standard Positive Pay that compares cleared checks with issued checks; Positive Pay with Payee Match, that compares payee name data to the payee name on the check; reverse Positive Pay, that treats all items presented to Bank for payment as Exceptions to payment; and ACH Positive Pay, that determines ACH debit entries to post against your account.


More Definitions of ACH Positive Pay

ACH Positive Pay means the service described in Section 4 below that includes the use of established ACH Policies to dictate what ACH debit and credit items require further review before posting. Unless indicated elsewhere in this Agreement, all terms and conditions of this Agreement apply to ACH Positive Pay Service.
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ACH Positive Pay. (ACH Positive Pay) means you will choose if debits, credits, or both will be presented daily for review. These items will be presented electronically through Extraco’s E-Business service.
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ACH Positive Pay. ACH Positive Pay allows you to create Payment Rules, which will determine whether an ACH transaction will be paid or blocked. If a transaction matches the Payment Rules, it will be processed. Blocked transactions will be presented to you as an Exception Item. • Positive Pay Reporting: Ability to receive Electronic Data Interchange (EDI) and/or BAI2 transactional reporting. XXX reporting provides detailed addenda records associated with ACH transactions. BAI2 reporting provides transactional account history utilizing a standardized BAI2 code. Reports can be transmitted through Secure File Transfer Protocol (SFTP)* or can be pulled directly from the Positive Pay Service. o SFTP requires acceptance of service and setup. This service is subject to a set up fee and monthly fee. Refer to our Schedule of Fees.
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Related to ACH Positive Pay

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Cash Position means the Company’s level of cash and cash equivalents.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Eligible Expense means the lesser of the reasonable, customary, usual, fair market value charge for a covered service or the provider's actual charge.

  • Floating Profit/Loss in a CFD shall mean current profit/loss on Open Positions calculated at the current Quotes (added any commissions or fees if applicable).

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Positive means that a rating may be raised

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.