OpenClear
What is positive pay?How it works from the bank's side: issue files, matching, exceptions, cutoffs, and where programs break down.
ACH vs. check positive payDebit filters and blocks compared with check matching: setup, return deadlines and exception reasons.
Payee positive payWhy payee matching stops washed checks, and how OCR and fuzzy matching fit in.
Reverse positive payThe customer reviews every presented check. When it fits, and its weaknesses.
Positive pay file formatsIssue file fields, fixed-width and CSV examples, and the errors that cause exceptions.
Exception processing and cutoff timesDecisions, defaults, dual control, setting cutoffs around return deadlines, and metrics.
What examiners look forGovernance, timeliness, access, audit trails, Nacha, vendor and model risk, and an evidence pack.
Looking for software? See open-source positive pay software for banks and credit unions.