Positive Pay File definition

Positive Pay File means an electronic file prepared daily by the Customer that identifies checks authorized by the Customer for payment. A Positive Pay File includes a list of check numbers by date with corresponding exact dollar amounts issued by the Customer since the date of the Customer's last Positive Pay File submission to the Bank.
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Positive Pay File means a cumulative list of all checks, uploaded by you through use of the System to us, which have been issued by you but have not been presented and are otherwise approved for payment under this Agreement.
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Positive Pay File means the file of checks submitted by Company through Positive Pay for processing.
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Examples of Positive Pay File in a sentence

  • Make a note of the actual file name and location and then click [OK].Step 7: A system message will appear “Display a report of the saved Positive Pay file?” Click [Yes] to view the report or [No] to return to the Positive Pay form.Step 7a: To print the Positive Pay File Report from the report viewer (if ‘Yes’ was selected), click the printer icon at the top left corner of the report viewer and then click OK on the Window’s print message.

  • Customer agrees that the Bank will not be obligated to verify the authenticity of any check that matches the check information listed in Customer’s Positive Pay File.

  • In the case of an election to defer until a Specific Future Year, the Deferral Period must be for any period of at least three (3) years or more, but may not end later than the year in which the Participant attains age 70, unless a Participant is over age 55 as of the date such Deferred Compensation Agreement is made with respect to such amount in which case the Deferral Period need only be for one (1) calendar tax year.

  • The term “instruction” means a payment or transfer instruction (including but not limited to a wire transfer instruction), an ACH Entry, a Positive Pay File, a Positive Pay Return Items File, and any other request or instruction submitted to the Bank through the System.

  • Customer agrees to be bound by any Positive Pay File and Positive Pay Return Items File, whether or not authorized by Customer that is issued in its name and accepted by us in accordance with this Agreement and the security procedures.

  • Customer agrees that the Positive Pay File will be sent in the format and medium, by deadline(s), at scheduled day(s), and at the places specified in this Agreement.

  • At the Bank’s sole discretion, it may attempt to compare Customer’s Positive Pay File with such items; however, the Bank will not be liable for any failure or refusal to do so.

  • You shall upload to our system a Positive Pay File consisting initially of all outstanding checks issued by you on the account.

  • If the Bank honors a Presented Check that is listed on a Positive Pay File, such honor shall be rightful, and the Customer waives any right it may have to assert that the Presented Check was not properly payable under Section 4- 401.

  • Only those checks listed on a validly prepared and uploaded Positive Pay File will be part of the Positive Pay Service.


More Definitions of Positive Pay File

Positive Pay File means a list prepared by you and timely delivered to the Bank which:
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Related to Positive Pay File

  • Individual account program means the defined contribution individual account program of

  • Class Year Study means a Class Year Interconnection Facilities Study as that term is defined in OATT Section 25 (OATT Attachment S).

  • Positive beam limitation means the automatic or semi-automatic adjustment of an x-ray beam to the size of the selected image receptor, whereby exposures cannot be made without such adjustment.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Salary reduction plan means a benefit plan whereby state and

  • Death master file means the United States social security administration’s death master file or any other database or service that is at least as comprehensive as the United States social security administration’s death master file for determining that a person has died.

  • Fugitive emission means an emission to air from the permitted installation that is not controlled by an emission limit imposed by a condition of this Permit.

  • Appropriate List Matching Data means (A) account registration and alternate payee data, to the extent made appropriate by statutes, rules or regulations governing the U.S. Government Lists, (ii) data determined by BNYM in light of statutes, rules or regulations governing the U.S. Government Lists to be necessary to provide the services described in this Section 3(b)(5), and (iii) data the parties agree in writing to be necessary to provide the services described in this Section 3(b)(5).

  • Distribution Date Statement As defined in Section 4.02(a).

  • Election cycle means the period beginning on the first day persons are eligible to

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Death master file match means a search of the death master file that results in a match of the social security number or the name and date of birth of an insured, an annuity owner or a retained asset account holder.[PL 2017, c. 129, §1 (NEW).]

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Master File has the meaning set forth in the CAISO Tariff.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Actual Deferral Percentage means, for a specified group of Participants for a Plan Year, the average of the ratios (calculated separately for each Participant in the group) of (1) the amount of Employer contributions actually paid over to the Trust on behalf of the Participant for the Plan Year to (2) the Participant's Earnings for the Plan Year (or, provided that the Employer applies this method to all Employees for a Plan Year, the Participant's Earnings for that portion of the Plan Year during which he was eligible to participate in the Plan). Employer contributions on behalf of any Participant shall include: (i) his Elective Deferrals, including Excess Elective Deferrals of Highly Compensated Employees, but excluding (A) Excess Elective Deferrals of Non-Highly Compensated Employees that arise solely from Elective Deferrals made under the Plan or another plan maintained by an Affiliated Employer, and (B) Elective Deferrals that are taken into account in the Average Contribution Percentage test described in Section 5.10 (provided the ADP test is satisfied both with and without exclusion of these Elective Deferrals), and excluding Elective Deferrals returned to a Participant to reduce an Excess Amount as defined in Section 6.5(f); and (ii) if the Employer has elected to make Qualified Nonelective Contributions, such amount of Qualified Nonelective Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test; and (iii) if the Employer has elected to make Qualified Matching Contributions, such amount of Qualified Matching Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test. For purposes of computing Actual Deferral Percentages, an Employee who would be a Participant but for his failure to make Elective Deferrals shall be treated as a Participant on whose behalf no Elective Deferrals are made.

  • After-Tax Account means a Participant’s account to which are credited After-Tax Contributions, if any, and earnings and losses thereon.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Account Opening Application Form means the application form/questionnaire completed by the Client, on-line on the Company’s Website and/or mobile application(s) and/or in hard copy, in order to apply for the Company’s Services under the Agreement and a Client Account, via which form/questionnaire the Company will obtain amongst other things information for the Client’s identification and due diligence, financial profile and appropriateness in accordance with the Applicable Regulations.