Positive Pay Plus data sheet
The limits of legacy positive pay
Traditional Positive Pay was designed for a batch world. Detecting fraud only at the in-clearing stage forces banks to absorb risk, increases operational burden, and slows customer resolution. In today’s environment of real-time payments and omnichannel deposits, institutions need intelligence that operates earlier in the transaction lifecycle, integrates seamlessly into existing systems, and scales to enterprise performance requirements.
Mitek’s lines of defense
Bank of First Deposit (BOFD)
- Pre-posting fraud scoring at the point of deposit (mobile, branch, ATM)
- Leverages issue-file reconciliation and consortium signals for immediate interdiction
- Early return capabilities for issuing banks reduce downstream risk exposure
In-clearing analysis
- AI-driven image forensics leveraging over 24+ unique attributes
- Combines fraud detection and Payee Positive Pay at both issuing and depositing institutions
