Maybank's Image Positive Pay System (IPPS) is an automated cheque details matching service for companies to combat cheque fraud and guard agaist the financial losses associated with it.

This automated facility is able to detect differences or discrepancies in account number, serial number, amount, date and payee's name presented for payment against such information on actual cheque issued by your company.

Features of IPPS

 

1.	Auto-Matching
	The system electronically matches the following details of the cheques against your uploaded cheque information file: Account Number Serial Number Amount Date Payee's Name (using Optical Character Read (OCR)
2.	Visual Matching
	Any cheque which fails auto-matching will be retrieved for visual verification
3.	CD-ROM Archives
	There will be an end-of-day archival of cheque images into CD-ROM which will be delivered to you for information and record purposes. This will enable you to easily retrieve any historical images.
4.	View Status of Items Online
	Daily unmatched items, returned items and summary reports will be provided upon request. Enterprise Cash Management system users may also view status of items online.

Benefits of IPPS

	IPPS ensures your cheque payment is correctly paid to the beneficiary.
	It serves as a cheque authentication, fraud protection and deterrent mechanism which reduces potential exposure to financial losses.
	With IPPS's enhanced controls, suspicious cheques can be authenticated and determined if they should be paid.
	Expedites your cheque reconciliation process with the availability of auto reconciliation.
	Images of paid cheques can be easily and speedily retrieved for reference through IPPS end-of-day archives.
	Convenience and flexibility with the availability of status viewing and summary reporting.