Check fraud is a significant and growing problem for many nonprofit organizations. To combat this problem and its resulting impact on nonprofits, many organizations are now implementing the use of Positive Pay.
Positive Pay arrangements with your bank ensure that only approved checks are being cashed. Whenever checks are printed, a specifically formatted file must be quickly uploaded to the bank. This file contains a list of the new checks, along with the payees and dollar amounts. The bank will not honor any check for which it has not received this approval: washed, stolen, or other inappropriate check will not be cleared.
Check Defender Features
- Direct connection between the Check Defender and your Abila MIP Fund Accounting database
- Creates bank specific files in seconds
- Works with virtually all Positive Pay bank file formats
- Very easy to learn
- No Excel or Exporting required
Our Check Defender program allows you to create bank specific files in a matter of seconds. The software works directly with any Abila MIP Fund Accounting database. From with Check Defender, just select the appropriate check sessions, create the file, and submit it in accordance with the bank’s specifications.
Simple. Fast. Done.
For more information on Check Defender or any of the nonprofit software solution and services offered by B. L. Nickerson & Associates, please contact us.