Positive pay: Difference between revisions
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imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Classify page.) |
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(PP). | (PP). | ||
A service used to combat cheque fraud | A service used to combat cheque fraud. | ||
The bank pays only those cheques with serial numbers and cash amounts that match those in an issue file supplied by the company. | |||
Also known as ''match pay.'' | |||
Latest revision as of 06:57, 2 July 2022
Banking.
(PP).
A service used to combat cheque fraud.
The bank pays only those cheques with serial numbers and cash amounts that match those in an issue file supplied by the company.
Also known as match pay.
