Positive pay isn't the only cash-management service that companies use. Reverse positive pay, for example, is a cash-management service whereby the company reviews check data rather than the bank. Using reverse pay, a bank sends the issuing company information about each check it receives. Reve...
Positive Pay is typically used for paper checks, although some banks offer electronic Positive Pay solutions for digital checks as well. It can be a manual or an automated process, depending on the capabilities of the bank. With manual Positive Pay, the account holder must provide the check in...
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Positive pay is a service provided by financial institutions to their customers. Clients enrolled in the program have special fraud detection services to protect their accounts. The system matches the date, check number, dollar amount, and account number of each check presented against a list provid...