What is it?

Check fraud is a growing problem for many non-profits organizations. To combat this problem—and its resulting impact on operations—many organizations are now implementing the use of Positive Pay. Positive Pay arrangements with a bank ensure that only approved checks can be cashed. Whenever checks are printed a specifically formatted file must be quickly uploaded to the bank. This file contains a list of the new checks, along with the payees and dollar amounts. The bank will not honor any check for which it has not received this ‘approval’: washed, stolen, or other inappropriate checks will not be cleared.

Our Check Defender program allows anyone to create bank specific files in a matter of seconds. The software works directly with any Sage MIP Fund Accounting database. Simply select the appropriate check sessions, create the file, and submit it in accordance with the bank’s specifications.

Click here to take a look (screenshots)

Click here to download a free whitepaper on Check Defender

Click here to view a flash video demo of Check Defender