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POSITIVE PAY delivers real-time, check fraud detection at the teller line! You provide us with your check issuance information (check serial numbers and dollar amounts) then we match it against checks presented for payment. Any discrepancies between the checks presented for payment and the checks listed on your check issue file are identified and delivered to you electronically for a pay or return decision. While many banks offer partially functional Positive Pay protection that can only detect check exceptions when they are presented through a check collection system, Hibernia provides a total solution that also detects fraudulent checks as they are presented at Hibernia's teller windows. Your losses are minimized by the inclusion of this crucial real-time checkpoint. Benefits: · Reduces losses by preventing third-party check fraud. · Detects fraud at the time of presentment providing real-time protection. · Enhances check issuance control. · Decrease fees when combined with partial or full reconciliation service. The check issue information can be sent via TowerNet, FTP, ADP or mainframe transmission. The check issue files must be sent each day that checks are issued and must be received by the bank by 2:00 p.m. (CT) for next day processing. TowerNET provides for transmittal of individual check information or deletes. These items are processed at 8:00a.m., 10:30 a.m., 1:00 p.m. and 4:00p.m. The updated information goes out over the Hibernia within the hour. How is the Positive Pay Exception Report (i.e., list of paid without issue items, etc.) delivered to the client and by what time? An electronic report is delivered to the customer via TowerNET by 11:00 a.m. (CT) each business day. The report will indicate "No exceptions today" if there are no exception checks for a particular day. How are pay/return decisions documented by the client and by what time are they required? Pay/return decisions are indicated via TowerNET and returned to the Bank by 2:00 p.m. (CT). If pay/return decisions are not received from the client by 2:00 p.m. (CT), the exception checks will be handled, on that banking day, according to the default decision (pay or return) selected by the client on their Positive Pay Service Addendum. Will the client receive confirmation of the pay/return decisions they have indicated on TowerNET? Yes. The client will receive a receipt on TowerNET confirming their pay/return decisions. What back-up will be used to deliver the Positive Pay Exception Report if TowerNET is not available at the required time? The Positive Pay Exception Report will be faxed to the client if TowerNET is not available at the required time. The customer will indicate their pay/return decisions on the pages faxed and will fax the information back to the ARP Department by 2:00p.m (CT). Can the client obtain a copy of an item if they need a copy to determine the pay/return decision? Yes. The client must request these copies by 12:00 p.m. (CT). The copies will be faxed to the client.