Zil Money

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 Positive Pay 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.

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Key figures

Users

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.

FEATURE AP/AR

Check Printing

Check Printing

Instantly create and print yourself on any printer. Drag & Drop Design

ACH

ACH / RTP

Send ACH/RTP in one click. Get paid by ACH. Make it one time/recurring

Email Check

Email Check

No Printer/Paper? Email a One-time printable & trackable PDF Check.

Digital Check

Digital Checks

Convert paper checks to paperless Digital Checks & send to email/Text.

Check Mailing

Check Mailing

One-Click Check mailing for $1.25 by USPS without leaving your desk.

Deposit Slips

Deposit Slips

Instantly create & print deposit slip of any Bank. Keep track & auto reconcile it

Get Paid Button

Get Paid Button/Link

Get paid by Button/HTML form on your site or Link to text or email.

Bank Data

Bank Data

Connect & reconcile, Categorize from Any Fina-Institution automatically

Bill Pay/Vendor

Bill Pay / Vendor

Pay Bills Online, Schedule it, Manage suppliers Smart, and reduce risk.

Invoice

Invoicing

Professional invoicing, email with payment link, track & manage.

User Approver

User / Approver

Role-Based user and approval process. Accountant/Client access.

API

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.

100% Fraud Detection

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>Cheque Positive Pay System>Cheque 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: 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.

Frank Czar

 

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. 

Bimal Daftari

 

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.

Travis Copeland

 

I was confused of managing multiple companies as an accountant. I found Zil money then and now everything is just easy.

William Andrews

 

Total Money Moved

9,520,030,217 +

Total People Paid

1,020,421 +

Total Businesses Satisfied

201,304 +