Positive Pay

Positive Pay is a mechanism that allows you to inform your bank about your issued checks ahead of time. As a result, your bank will not clear any checks except those you have already reported to them. Banks usually use this service to manage their cash to prevent fraudulent payments. A payment is made when the check number, account number, and dollar amount of the company’s issued check match the check presented for payment. Checks that do not match are returned to the issuer.

Zil Money is a financial technology company, not a bank or an FDIC member. Zil Money offers banking services through partnership with FDIC member banks Silicon Valley Bank and Texas National Bank.

Pay Your Vendor with Credit Card

No payee fees

Accept Payment by Credit Card

Easy, Affordable, No Card Reader Needed

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Happy Customers

New Customers a Week

Transactions Per Week

Positive Pay with Zil Money

Positive Pay with Zil Money

Zil Money now offers you an automated Positive Pay service. Zil Money transmits the list of your company’s issued checks to the bank via API, FTP, and excel sheet upload. Also, Zil Money will immediately inform the bank when you cancel the check and void the checks immediately. Therefore, you don’t have to notify the banks manually when you issue or cancel checks. You can have peace of mind while Zil Money will take care of everything.

Features at Your Fingertips

From accounts payable and receivable functionalities to comprehensive online payment and beneficial integrations, Zil Money can meet the payment management requirements of all types of businesses.

Check Printing

Check Printing

Drag and drop to instantly create checks & print using any printer.

Pay By Credit Card

Pay By Credit Card

Use credit cards even when your vendors don't accept them.

ACH Payment

ACH Payment

Make one-time or recurring ACH/RTP payments in one click.

Wire Transfers

Wire Transfers

Send money electronically from one financial institution to another.

Bill Pay

Bill Pay

Pay & schedule bills online, managing supplier payments & reducing risk.

Digital Checks

Digital Checks

Digitize your paper checks and make your payments via email or text.

Software Integration

Software Integrations

Integrate Zil Money with your accounting and payroll software.

Zil.us

Cloud Bank

Open an online checking account with Zil.US. Streamline payment management & save.

Payment Link

Payment Link

Create and send a secure URL for customers to make online payments easily.

100% Fraud Detection

Positive Pay provides complete fraud detection by matching company-issued checks with those present for payment. A check that does not contain the correct identifying information will be returned to the sender. As a result, you will not risk losing money due to fraudulent activity on your account.

If a check does not match the check number, account number, or dollar amount, the bank can flag the check and notify a representative from your company. The bank can also ask permission to clear the check if it is valid. Sometimes, the company includes the payer’s name in its system, but this name is not included in check matching.

100% Fraud Detection
How Does Positive Pay Work?

How Does Positive Pay Work?

Zil Money helps businesses manage their funds with a variety of features. Zil Money’s Positive Pay prevents check fraud for companies. Positive Pay requires businesses to send a list of permitted checks to their bank, which the bank compares against all checks presented for payment. Unauthorized checks are detected as possibly fraudulent and reported to the company. This saves businesses time and money by detecting and preventing fraud. Zil Money’s Positive Pay function automates this procedure, allowing companies to submit their authorized check lists and get fraud alerts.

$50B+

In total transaction volume

22K+

Connected banks & financial institutions

20K+

Monthly business users

1M+

Total users, and growing

Electronic Payment

Zil Money is a flexible financial management software that gives organizations several capabilities. Zil Money specializes in electronic payments. Zil Money lets companies transmit and receive electronic payments, improving financial processes. Businesses can send and receive funds through ACH transfers, wire transfers, and credit cards on the platform. Zil Money is an excellent option for any business to streamline its financial operations and boost productivity.

Electronic Payment

FREQUENTLY ASKED QUESTIONS

Frequently Asked Questions(FAQ)

What is positive pay?

Positive Pay is a mechanism that allows you to inform your bank about your issued checks ahead of time. As a result, your bank will not clear any checks except those you have already reported to them.

How do I enable positive pay?

In Internet banking, customers can register their Positive Pay Consent by selecting General Services>Check Positive Pay System>Check Positive Pay Limit. If the customer has registered for Positive Pay, they must submit the check details whenever they issue checks. Zil Money now offers you an automated Positive Pay service.

How to prevent check fraud?

Positive Pay provides complete fraud detection by matching company-issued checks with those present for payment. A check that does not contain the correct identifying information will be returned to the sender. As a result, you will not risk losing money due to fraudulent activity on your account.

Positive Pay vs ACH

Positive Pay is a mechanism that allows you to inform your bank about your issued checks ahead of time. As a result, your bank will not clear any checks except those you have already reported to them. An ACH is an electronic fund transfer made between banks and credit unions through what is known as the Automated Clearing House network. Fund transfers via ACH include direct deposit of paychecks and monthly debits for routine payments.
Zil Money - Cloud Based Platform
Fintech Software
RATING: 4.6 ( 10164 ratings )
Price: $49.99/Year

PRECIOUS REVIEWS FROM

OUR CUSTOMERS

 

Vendor Management: Easily handle bill payments, instant check printing and mailing, invoicing, positive pay, and access User/API features across various platforms.

User-Friendly Interface: Zil Money's interface is intuitive and easy to navigate, making it accessible for users of varying technical proficiency.

Ana

 

Ease of deployment and use. Normally, a switch like this is both time-consuming and confusing, but in this case, it was super easy.

Jennifer

 

The dashboard and the customer support are amazing! Never has a company been there like Zil Money and answered all my questions before letting me go. Thank you.

Stephanie

 

I love that I am able to process payments and do ACH transfers very easily.

Ardinay

 

Total Money Moved

9,520,030,217 +

Total People Paid

1,020,421 +

Total Businesses Satisfied

201,304 +