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Positive Pay

With positive pay services at Amplify, your business gains greater control over your check processing and payments.

Business Benefits

Automated Payment Verification Manual Exception Handling Zero Fees¹ or Penalties
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Please note: as a Texas-based credit union, Amplify is only able to offer banking services to organizations located in Texas.

Better payment processing

Positive pay services allows businesses to enhance their financial security, reduce the risk of fraud, and gain peace of mind in their day-to-day operations.

Cost Savings

Businesses can avoid financial losses associated with fraudulent transactions. This can save companies both time and money in the long run.

Increased Security

An added layer of security for businesses, ensuring that only authorized checks are processed for payment. Protect against altered check amounts or forged signatures.

Peace of Mind

Businesses know their financial transactions are monitored and protected against potential fraud attempts.

Fraud Prevention

Powerful deterrent against check fraud. Cross-referencing check details with th issued checklist helps identify potentially fraudulent checks before they are paid.

How it works

When your business signs up for positive pay at Amplify, you gain more control over your check processing services.

1

Authentication

Businesses creates and uploads their list of authorized checks to the credit union.

2

Verification

When a check is presented for payment, Amplify compares the check details against this list.

3

Exceptions

Mismatched payment information is routed to the business for manual approval.

4

Processing

Authorized payments or approved payments are automatically processed by the credit union.

FAQs

Commonly asked questions about positive pay and commercial banking at Amplify.

What is the cost for positive pay services?

How does my business get started with positive pay?

Are there size restrictions tied to positive pay services?

How does my business add excess deposit insurance?

Contact our team

Want to learn more about commercial banking services at Amplify? Use this form to provide the name and contact information for an organization representative and a virtual banker will follow up shortly.

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Please do not include any sensitive information such as account number or social security number.

¹The term bank fees refers to any fees associated with the operation of personal or business deposit accounts. This includes savings accounts, checking accounts, certificates of deposit, and money market accounts. Bank fees does not refer to personal, commercial, or real estate loan products, or to third-party services offered through Amplify (such as wealth management or credit card services).

Please refer to the Share Account Rate Disclosure, Certificate Account Rate Disclosure, and Beneficial Owner Disclosure for further information relating to the above products. See Business Fee Schedule & Rate Schedule for current rates and fees.