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Positive Pay

Minimizing losses due to check fraud and errors is best accomplished through a fraud prevention system that stops them from happening in the first place. 1st Mariner Bank’s Positive Pay system furnishes you with accurate, timely, actionable information that will help you make informed decisions about questionable items to better manage your business funds.

How Our Positive Pay System Protects Your Business

Your company enters issue information into 1st Mariner’s Online Banking Service each time checks are issued, prior to the checks being sent to the recipients. Each day, 1st Mariner Bank will match checks being presented for payment against current company issues. All exception items are reviewed to ensure there was no bank error. Your company can then view suspect items through 1st Online.

Checks that fall into one of the following categories will be flagged for your review:

  • Void
  • Stop payment
  • Already paid
  • Amount mismatch
  • Stale dated
  • Payee mismatch
  • Altered

Using Positive Pay for Fraud and Error Prevention

We’ll send you a Positive Pay exception report by 6:00 a.m. each business day for you and your staff to research the questionable items. After review, you inform 1st Mariner which items should be paid or returned. 1st Mariner Bank must receive return notification by 11:00 a.m., and your decision can be made online. 1st Mariner check fraud prevention system even interfaces with the teller line, so fraudulent checks are caught before items are cashed, providing complete protection for your company.

Get Control with Positive Pay

Talk to one of our Business and Executive Bankers about how Positive Pay can have a positive payoff for your company and your personal peace of mind. Call us at 410-735-2003, stop by a nearby branch or email us at CashManagement@1stmarinerbank.com.



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