Positive pay: Difference between revisions
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''Banking''. | ''Banking''. | ||
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. | 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. | ''Also known as match pay.'' | ||
== See also == | == See also == | ||
* [[Reverse positive pay]] | * [[Reverse positive pay]] | ||
Revision as of 13:12, 21 August 2013
Banking.
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.
