Solutions Summit 2014 ACH Positive Pay Past, Present, and Future John Snyder Teresa Wood

Chesapeake System Solutions, Inc. Proprietary and Confidential Why Is It Needed? ACH transactions used to be direct bank to bank transactions Funds travelled with transaction No reconciliation was required Today there are many originators Transactions can start from anywhere, even outside the U.S. Networks have expanded to include insecure sites Communications go beyond the bank’s firewalls Public networks are frequently used

Chesapeake System Solutions, Inc. Proprietary and Confidential Fraudsters Opportunities and Threats External third-party initiation and origination Remote Deposit Capture International payments Wire transfer payments too

Chesapeake System Solutions, Inc. Proprietary and Confidential How Does It ACH Positive Pay Work? Preemptive Proactive Anomaly detection Mining Matching Check conversions Non standard reference fields Filtering at the account level Blocks Amount / date limits Particular payees

Chesapeake System Solutions, Inc. Proprietary and Confidential How T-Recs Supports Conventional T-Recs matching Customer records to bank clearing records Flexible watch criteria, reference data Many-to-one, many-to-many SmartResolve rules Manual setup Importable from a file Updateable

Chesapeake System Solutions, Inc. Proprietary and Confidential Demonstration

Chesapeake System Solutions, Inc. Proprietary and Confidential What’s Next? Converted checks New filtering rules

Q&A