Consolidated Reconciliation

Your company provides a file with all issued checks. The bank then matches the issued checks information with the information that appears in the statement of that cycle and then reconciles your account. We provide you with a list, by check number in ascending order, amount and date paid.

Partial Reconciliation

Banco Popular provides your company with information on all paid checks listed in ascending order by check number, amount and date of payment.

Deposit Reconciliation

It provides information on all deposits by location, amount and date, and other debits and credits. This service is very valuable for businesses with multiple units, departments or salespersons that deposit in any of our branches throughout the Island. The company orders pre-coded deposit slips for each unit or salesperson, according to its needs and specifications. In addition, electronic fund transfers through the Popular Express Payment _SM will be registered and identified by the unit name, according to the merchant number or location number in each unit.

Positive Pay

This service provides the alternative of preventing possible fraudulent activities. Every time you issue a check, your company will send us an electronic file with the detailed information. Once checks are processed, the Positive Pay system generates a detailed report on exceptions that do not match the information provided by the company. After your company verifies the report, you will indicate what effects should be returned.

Check Management

With the Check Imaging Processing System, images of every check your company issues are captured in compact discs that can save up to 20,000 check images each. For your convenience, this system displays the front and back image of the check on your screen. Instead of receiving numerous cancelled checks, you receive only one disc that allows you to reconcile your account quickly, accurately and on time.