iSeries Positive Pay AS/400(iSeries) Laser Check Printing System
Positive Pay400™ is an electronic process by which companies and banks can mutually
increase their level of security to an organization's check printing process.
As an optional security module to inFORM Decisions' iChecks™ laser check printing software,
Positive Pay captures pertinent information (check number and amount) and saves it into the
Cash Handling File. During a pre-set and automated time, an AS/400(iSeries) auto-job
collects the data from the Automated Cash Handling File, collects header, trailer and
ont/layout information, then runs a calculation of totals and transmits this report via
the AS/400(iSeries) ECS modem to the pre-selected bank. Thus, the bank is only
authorized to process those checks included on the Positive Pay Report.
"This Positive Pay Report in correlation with the bank’s record statement raises the
security bar for bad guys attempting to pass fraudulent checks. By implementing this
powerful security module a company is offloading accountability and responsibility of
check fraud to their bank! If for any reason the bank cashes a check that was not on
the report, the bank is liable." says Dan Forster, President of inFORM Decisions.
inFORM Decisions specializes in electronic check and form systems for the AS/400(iSeries) and
associated Client-Server environments. For more information on inFORM Decisions' electronic
form and check printing systems.
AS/400(iSeries) with OS/400, RISC v3r7m0 and higher.
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