The easy-to-use positive pay software from IPS of Boston
End Check Fraud with DoubleCheck™
Did you know that 1.2 million fraudulent checks are presented for payment each day in the U.S.? In fact, check fraud costs U.S. businesses almost $15 billion a year. Check fraud is not just a problem for business. In the end, we all pay for fraud in higher fees and prices.
Easy and Effective
Now, there’s a solution that’s as easy to use as it is effective. DoubleCheck positive pay software from IPS of Boston runs under Windows 98, NT, 2000 and XP and provides any size organization with a comprehensive check fraud protection system. If managing payments or corporate accounts is part of you job, then DoubleCheck software should be part of your protection arsenal.
Here’s how it works. Each time you run checks, you send your payment file to the DoubleCheck system. The system accepts payment files from most major accounting systems. The DoubleCheck software automatically creates a positive pay file in the format required by your bank. This file contains detail on each check you’ve issued, including amount, date, account number and any additional information your bank requires. Your positive pay file is then sent to the bank via a direct modem connection or secure Web site.
Catch the Bad Ones
Now comes the good part. Each check that is presented to your bank for payment is compared toyour positive pay files. Any discrepancies between the information on the check and that contained in your DoubleCheck positive pay files triggers an alert. Your bank will inform you of any suspicious checks, giving you the opportunity to decide if the check should be paid or not.
Flexibility
DoubleCheck positive pay software gives you the flexibility to add and remove checks, identify voided checks, and stop payments, all with multilevel access security.
Depending on which version of DoubleCheck you choose, you can accommodate as many bank positive pay file formats as you need.
Import File Wizard!
Best of all, there’s no lengthy learning curve. DoubleCheck software comes with a wizard that will help you quickly set up your system and begin creating positive pay files in the format required by your bank. Fraud protection has never been easier.
Works Well With Others
The DoubleCheck system can be used standalone with any accounting software or as part of the IPS laser check printing system, Checks on Demand® (C.O.D.). The same encrypted print file used by the C.O.D. laser check system can be used by DoubleCheck to generate a positive pay file for transmission to your bank. The combination of C.O.D. laser check printing and DoubleCheck positive pay protection gives you one of the most powerful anti-fraud systems available anywhere!
Pays for Itself
In many cases, the DoubleCheck system can pay for itself with just one fraud detection. Why wait? Take a positive step today toward a fraud-free payment system with DoubleCheck from IPS of Boston. Visit our Web site at www.positivepay.com or call us at (508) 230-7000 for immediate assistance.
Benefits Include:
- Peace of mind
- Cost savings in reduced fraud exposure
- Eases costs and hassles in changing or adding banks
- Works with most major accounting systems and spreadsheet applications
- Use standalone or with C.O.D. laser check software
- Scaleable to any size business or organization
- Enhances credibility and goodwill with banks and customers
Features Include:
- Includes library of bank formats
- Imports most types of check files
- Handles any positive pay format required by bank
- Easy to learn and implement
- Supports multiple bank accounts
- Import file format
- Unlimited multiple import file formats
- Add manual checks
- Record voided checks
- Record stop payment of checks
- Remove checks
- Encrypted audit trail
- Activity log records all activity
- Reports On Demand! report generator
- Database which encrypts and stores up to 10,000,000 records
- Ability to import one data file containing check data for multiple banks and accounts
- Ability to flag and hold selected checks as well as edit
- Check Image Assistant™ - allows you to include additional data fields required by most banks
- On-line help
- 32-bit software
- Multiple levels of system security
- Built in communications software
System Requirements:
- Windows 98, NT 4.0 or higher, 2000, ME, XP
- 32 MB of RAM
- 10 MB of free hard disk space
IPS of Boston
19 Norfolk Avenue · South Easton, MA 02375 · (508) 230-7000
E-mail: info@positivepay.com · Web Site: www.positivepay.com
DoubleCheck is a trademark and Checks on Demand is a registered mark of IPS of Boston.
All other products mentioned herein are trademarks of their representative holders.
