Payee Positive Pay
Let us help protect your organization against the risk of check fraud with our Payee Positive Pay service.
Working to Help Prevent Check Fraud
For years, check fraud and forgery were committed by technically sophisticated and artistically talented criminals. Today, with more powerful and user-friendly computer technology and high-quality printing equipment, the tools needed to put a fraudulent check scheme in motion are easily accessible.
With M&T Bank's Payee Positive Pay service, you can help protect your organization against the threat of fraudulent, altered and counterfeit checks.
For additional fraud protection, our Payee Positive Pay service can be used in conjunction with our Account Reconciliation.
How It Works
Provide M&T with an electronic file of check information including check number, dollar amount and payee name(s). M&T will compare checks that are presented for payment against your check issue file. We'll notify you of any suspicious items that do not match what is listed in your issue file. This enables you to review and return fraudulent checks early in the payment process.
Additional Check Fraud Prevention Services
Contact us to learn more about services that can help protect you from check fraud, including:
- Positive Pay
- Maximum Dollar Protection
- Stale Date Protection
- Check Block
Ready to enroll?
To find out more, and to enroll in Payee Positive Pay, please call 1-800-724-2240 to speak to one of our Commercial Service Team Representatives, M-F, 8:00am – 6:00pm ET, or contact your M&T Relationship Manager.