In an era of rapid technological advancement and digital transformation in the financial sector, the threat of payment fraud continues to loom large, particularly in the realm of business check payments. This persistent check usage, coupled with an alarming rise in check fraud, has led to a resurgence of interest in fraud prevention tools―especially positive pay―as a critical line of defense.

This report examines the current state of positive pay adoption in the banking industry, focusing on its importance in combating rising check fraud rates, challenges with the technology, and financial institutions’ strategies for increasing adoption. The research is based on survey data from FIs and businesses, compiled by Datos Insights in Q4 2023 and the first half of 2024.

Clients of Datos Insights’ Commercial Banking & Payments service can download this report.