Payee Match definition

Payee Match means an adapted Check Positive Pay process that additionally validates the payee name on the check image against the payee name Company records in the Issued Check File.
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Examples of Payee Match in a sentence

  • Our Positive Pay Services include: Standard Positive Pay that compares cleared checks with issued checks; Positive Pay with Payee Match, that compares payee name data to the payee name on the check; reverse Positive Pay, that treats all items presented to Bank for payment as Exceptions to payment; and ACH Positive Pay, that determines ACH debit entries to post against your account.

  • Unlike Positive Pay, Positive Pay with Payee Match, or Reverse Positive Pay, Check Block is an account setting to block all checks, and does not allow you to instruct or notify us or return or pay checks on an individual basis.

  • Positive Pay with Payee Match includes matching payee name to the payee name on checks in the Issue records.

  • If using Check or Payee Match Positive Pay, Company will submit an Issued Check File to Bank by 6 p.m. CT, one (1) Business Day before issuing checks.

  • Login Credentials to Online Banking are not required for Auto-Load Issued Check File; however, Company is required to have Login Credentials for Online Banking to use System for features of Check Positive Pay and/or Payee Match Positive Pay.

  • If Company is enrolled in Payee Match, then a “Matched Check” shall also include the Payee name to the Company's list of checks issued.

  • Bank offers Check Positive Pay, ACH Positive Pay, and Payee Match Positive Pay.

  • Payee Match service includes a matching requirement for the Payee name to the Company's list of checks issued.

  • Bank offers Check Positive Pay, Payee Match Positive Pay and ACH Positive Pay.

  • Company has sole responsibility for matching the Payee on the checks identified by Company in the File, unless Company is enrolled in the Payee Match service.

Related to Payee Match

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Matching Contribution Account means the portion of a Participant’s Account attributable to Matching Contributions and Earnings thereon.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.