Using Payment Actions

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Payment Actions are only available on select connections. Please reach out to [email protected] or your customer success manager to confirm availability for your connection.

Overview

Payment Actions represent actions or instructions that should be taken regarding an existing payment that is distinct from the payment initiation instruction, which can be issued for payments originated via Modern Treasury or off-platform.

Modern Treasury supports two types of Payment Actions for checks: Positive Pay and Stop Pay, which are primarily used as a mechanism for preventing fraud. These two actions allow you to inform your bank to authorize or stop check payments, respectively.

More information on how and why Positive Pay works can be found here: https://www.moderntreasury.com/journal/how-to-avoid-check-fraud-with-positive-pay.

Modern Treasury supports automated Positive Pay at select banks, but Payment Actions extends this functionality by allowing you to send Positive Pay when automatic Positive Pay is not supported or checks are originated off platform.

In order to use Payment Actions, either integrate using our API or access Payment Actions in the Dashboard.