Positive Pay Management System
A Secure Fraud Detection & Central Bank Reporting Solution
Overview
01
- The Positive Pay Management System by Advanced Software Development (ASD) is a web-based solution designed to automate the collection, validation, and reporting of Positive Pay instructions in compliance with central bank regulations.
02
- It integrates cheque data from multiple sources (email, MICR, and manual entry) to detect mismatches and prevent cheque fraud.
03
- With automated reconciliation, encryption-based email verification, and real-time notifications, the system strengthens fraud detection while ensuring secure customer communication.
Key Features
- Multi-Source Data CaptureUpload positive pay data from MICR, emails, or manual entry.
- Automated ReconciliationMatches cheque issue data with presentment records, generating fraud alerts.
- Email & SMS IntegrationAuto-pulls instructions from email and sends encryption keys to customers via SMS.
- Encryption Key ManagementAuto-generates unique encryption keys per customer, refreshed every 30 days.
- Desktop Agent / Windows ServiceHandles mail grabbing, decryption, and system updates.
- Unlimited Queues & Filter GroupsHandle any cheque volume seamlessly
- Fraud ReportingGenerates instant fraud reports and alerts for mismatched cheque details.
- Dynamic Inquiry & SearchQuery cheque status by multiple criteria for faster resolution.
Benefits
Fraud Prevention
Proactively identifies and blocks fraudulent cheque submissions.
Customer Trust
Secure key-based communication builds confidence in cheque transactions.
Efficiency
Automates data pulling, reconciliation, and reporting to save manual effort.
Regulatory Compliance
Ensures Positive Pay reporting aligns with central bank instructions.
Transparency & Alerts
Customers and bank users receive real-time updates on submission status.
Highlights
- Auto encryption key generation and distribution via SMS.
- Integration with MICR systems for cheque data capture.
- Web-based reporting dashboard with detailed logs.
- Customer notifications for invalid/incorrect submissions.
- Automated fraud reports for bank operations teams.
- Outward Clearing
- Inward Clearing
- Positive Pay Automation
- OCR and Dynamic Report Engine
- House Transfer Cheque Processing
Technology Stack
Client Success Story
Standard Chartered Bank
“Standard Chartered Bank implemented ASD’s Positive Pay Management System to automate Positive Pay instruction collection and reporting. The solution integrated seamlessly with our cheque processing workflow, providing encryption-based security and instant fraud alerts. This has significantly reduced cheque fraud risks while improving operational efficiency. We value ASD’s innovation, compliance focus, and dedicated support.”
Standard Chartered Bank
“Standard Chartered Bank is using the Cheque Processing System (CPS) developed by Advanced Software Development (ASD). We are very satisfied with the services provided by ASD’s support team, offered whenever required. We congratulate ASD for delivering such a wonderful software and excellent performance.”
Frequently asked Questions
Q1: How does the system prevent fraud?
It reconciles cheque issue instructions with presentment data and generates fraud alerts on mismatches.
Q2: How are encryption keys managed?
Keys are auto-generated, sent via SMS, and refreshed every 30 days as per SCB security policy.
Q3: Does the system support automated email integration?
Yes, the Desktop Agent auto-fetches Positive Pay files from customer emails, decrypts, and uploads them.
Q4: Can customers be notified of errors?
Yes, customers are automatically notified via email/SMS if their submission fails or is invalid.
Q5: Is it scalable for large cheque volumes?
Yes, the system is designed to handle bulk uploads, auto reconciliation, and multi-branch operations.
