Positive Pay is a feature that provides nonprofit and governmental organizations protection against
altered checks and counterfeit check fraud. Positive Pay allows nonprofit and governmental organizations the ability to create a file containing the checks they have issued and import those items into their bank’s computer via email, web upload or FTP. As checks are presented for payment the bank validates them against Positive Pay files.
Unauthorized checks or checks with payees/amounts that differ from Positive Pay will not be paid.
Instead the bank contacts the organization with unauthorized check details. “FUND E-Z is proud to offer its clients anti-fraud protection through Positive Pay,” said George Marcolini, vice president of marketing for FUND E-Z Development Corporation. “The seamless integration with FUND E-Z Nonprofit Accounting Software now allows nonprofit and governmental organizations a security feature that is offered by virtually every US commercial bank.”
About FUND E-Z Development Corporation
FUND E-Z, established in 1990, is a leading provider of nonprofit accounting software solutions including
fund accounting, fundraising and HIPPA billing to nonprofit and governmental organizations. FUND E-Z
has evolved positively in terms of quality, features, benefits, support, and client satisfaction. The FUND
E-Z Nonprofit Accounting Software Solution offers nonprofit organizations a powerful yet affordable
solution for their unique accounting needs.