As the description implies, a Positive Pay Set is simply a collection of Positive Pay Applications grouped together for form a single transaction file. This is extremely useful for companies with multiple bank accounts with a single bank for which a single transimission not only streamlines operations, but also cuts the cost of fees paid to the bank for transmitting positive pay files.
The screen below illustrates the the interface to the Positive Pay Set created by selecting option 2 from the Positve Pay menu.
8/11/07 iSeries Positive Pay 4.0 PP0470C3 14:39:55 Positive Pay Set QSECOFR Positive Pay Set Name/Description. . : Transmit Library/File. . . . . . . . : FMG FILESET Transmission Number. . . . . . . . . : Modem Device . . . . . . . . . . . . : BSCELSRC Baud: 9600 Report Library/Queue . . . . . . . . : QUSRSYS POSOUTQ Save Hold Detail Summary Yes Yes Yes Yes No No No No Application More... F1=Help F3=Exit F4=Prompt F12=Previous
The resulting transmission file created from the form set extraction process generates check information in the same order as the positive pay entries were entered into the list itself.
Note that the Transmit Library/File defined for the set should not have the same name as that defined for the constituent applications. The Positive Pay Set will populate each constituent file and then copy all of the records to the Pay Set's consolidated transmission file.
At this point, however, the positive pay set has not been adapted to use FTP for transmission, and is limited to modem transmission.
8/11/07 iSeries Positive Pay 5.0 PP0470C1 14:49:30 Positive Pay Set QSECOFR Type options, press Enter. 1=Select 3=Copy 4=Delete 7=Rename 8=Extract 9=Transmit 10=Extract and Transmit 11=View Transmission File Opt Set Name Description INFORMSET inFORM Pay Set Bottom F1=Help F3=Exit F6=Add