Payments

Bank of America intros ACH Positive Pay to control transaction requests

March 22, 2022

Bank of America has introduced ACH Positive Pay on its CashPro app. With this tool, users can approve or reject incoming transaction requests that come through the U.S. Automated Clearing House on the CashPro app, according to a press release.

Customers can decide in real-time whether to pay or reject those transactions.

"Without the proper controls in place, clients are open to significant risk when sizable ACH debits on their accounts can occur late in the day," David Kretz, head of global payments and GTS strategy in global transaction services at Bank of America, said in the release. "With mobile access to ACH Positive Pay, clients can make time-sensitive decisions from any location and reduce their concerns about missing return deadlines."