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.
User / Approver
Role-Based user and approval process. Accountant/Client access.
API / White Label
Interactive developer friendly API. Complete white label solution.
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.
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. Zil Money’s Positive Pay function gives businesses financial certainty and comfort of mind.
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.
FREQUENTLY ASKED QUESTIONS
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Positive Pay vs ACH
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Vendor Management: Bill Pay, One Click Check Mailing, Invoicing, Positive Pay, User/Ap Use the application on your desired platforms. Positive Pay, User/Ap, Use the application on your desired platforms.
I had to be very cautious in a disputing situation when the check hasn’t arrived and goes to the bank, digging through all my paperwork.
Zil Money has made my life easy. Now I can print all the checks on Blank Check Paper and export from my QuickBooks as well.
I always have to give checks ahead in many situations. Now it’s so easy to keep up. Same way making deposit slips on demand also very easy.
I was confused of managing multiple companies as an accountant. I found Zil money then and now everything is just easy.
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