Payee Match Positive Pay definition

Payee Match Positive Pay means an optional Service available with Treasury Online Banking that is an adaptation of Check Positive Pay whereas the payee name on the check image is validated against the payee name Company records in the Issued Check File.
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Payee Match Positive Pay means an optional Service available with Online Banking that is an adaptation of Check Positive Pay whereas the payee name on the check image is validated against the payee name Company records in the Issued Check File.
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Examples of Payee Match Positive Pay in a sentence

  • 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.

  • Company shall include the payee name in the Issued Check File when electing to use Payee Match Positive Pay.

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

  • For Payee Match Positive Pay, Company agrees to comply with the Payee Match Positive Pay Implementation Guidelines document.

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

  • For Payee Match Positive Pay, Company agrees to comply with the Payee Match Positive Pay implementation guidelines document.

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

  • Third- Party Sender shall include the Payee name in the Issued Check File when electing to use Payee Match Positive Pay.

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