Positive Pay File Question

Question

One of clients had a positive pay record rejected by the bank because, when the cut was check it was cut using the vendor's remit-to address/name, but apparently, the bank needs the 'parent' company's name in the file (Vendor Master name). Seems to be that the file should include the actual name on the check, but the client insists that's the case. 
 Anyone else come across this or know if it is possible to include the vendor's 'main' name in the file? (the positive pay setup doesn't have this field available). Thanks!

Natasha Chang · Accepted Answer

Justin, 
 You must be running 2015. Before 2015, the payee name was the vendor name in the vendor masterfile. A customer reported a defect that when remit-to name/address was printed on a check, the payee name in positive pay didn't match the name on the check. We agreed that positive pay should export the actual name pinrted on the check. Therefore, we fixed check update to update the remit-to name to B/R check payee name, therefore positive pay export would pull the correct name. 
 Address is still the vendor address in vendor masterfile. We didn't change that. 
 There is no way to include a different name. You can submit an enhancement request.

Natasha Chang · Answer

If they have that check box selected, they must have modified the @VendorOrRemitToName formula in the check form to print the vendor name for NOF vendor. Otherwise, the check would print 'NOT ON FILE VENDOR'. 
 They can go to Vendor Maintenance and clear the Remit To name for the NOF vendor. If the PayeeName$ in the check header record is blank, update will write the VendorName$ to B/R.

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Positive Pay File Question

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