Positive Pay File Format Guidelines
Positive Pay relies on precise and accurate file submissions to catch discrepancies and prevent fraud. Understanding the file format specifications is critical for seamless integration into your banking systems. This guide unpacks the details, ensuring your files are error-free and compliant with Positive Pay requirements. Why File Formats Matter Financial Institutions use Positive Pay to match submitted files against cleared checks. The process only works if the file is formatted correctly. Incorrect or incomplete files can trigger false positives, delay…
