FUND E-Z Development Corporation, a provider of nonprofit accounting, fundraising and HIPAA billing software, said Tuesday that it has integrated a Positive Pay automated fraud detection tool with its FUND E-Z Nonprofit Accounting Software.
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 file transfer protocol. As checks are presented for payment the bank validates them against Positive Pay files.
Unauthorized checks or checks with payees or amounts that differ from Positive Pay will not be paid. Instead the bank contacts the organization with unauthorized check details.
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