Positive Pay

Modified on Wed, 01 May 2024 at 11:35 AM

Summary: Centime's Positive Pay solution allows check users to send positive pay files to their bank for check payments made in Centime.


Required Permissions: 

  • Manage Positive Pay: to download files
  • Activate and manage integrated payment and credit solutions: to set up positive pay for bank accounts

Navigation: Settings > Fraud controls > Check Positive Pay > Positive pay setup


TABLE OF CONTENTS


Requirements for Positive Pay 

In order to automatically generate a check positive pay file, you must first: 

  • Connect your bank account to Centime 
  • Apply for checks and begin sending payments 


Confirm file requirements 

To enable check positive pay, you must first contact your bank. Your bank will provide you with requirements for the file. Once confirmed, reach out to your Centime Customer Success manager and provide the following: 

  • File format: TXR, CSV, XLS 
  • File fields: Check number, Payer, Date, Amount etc. 
  • Share an example (if available)
  • File format: TXR, CSV, XLS


Generate Positive Pay files and download them

Once your bank is set up for positive pay by the Centime team, you will be able to see all bank accounts under that Bank. You can then enable those accounts for positive pay.

Positive pay files are generated daily as long as checks are sent that day. You can immediately begin manually downloading and sharing these files with your bank.


Automatically deliver files to your Bank

If your bank supports automated positive pay file transmission, you need to ask your bank to set you up with an SFTP folder for positive pay. Your bank will provide you with the key details, including the hostname, port, username, password, and destination directory.

  • Hostname: Bank server for check positive pay file transmission
  • Port: for SFTP 
  • Username & Password: This is your bank server credentials  
  • Destination Directory: This is the destination file directory provided by your bank. This is where Centime will upload positive pay files  


Once your bank has created your SFTP folder, you'll need to add the details directly in the Centime UI. Then, notify your Customer Success manager. Centime will confirm that the connection is working and start sending positive pay files to your bank server.


If we encounter any issues with the connection, such as your bank requiring Centime's IP addresses to be whitelisted, we will contact you to jointly resolve the connectivity issue with your bank.








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