Reverse positive pay: Difference between revisions
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imported>Doug Williamson m (Spacing 20/8/13) |
imported>Doug Williamson (Layout.) |
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''Banking''. | ''Banking''. | ||
A service that transmits to the issuing company a file of cheques presented for payment | A service that transmits to the issuing company a file of cheques presented for payment. The issuing company matches the items on the list to its register data for cheque fraud control. | ||
The company contacts the financial institution if any items are to be returned. | The issuing company contacts the financial institution if any items are to be returned. | ||
== See also == | == See also == | ||
* [[Positive pay]] | * [[Positive pay]] | ||
Revision as of 15:14, 4 May 2016
Banking.
A service that transmits to the issuing company a file of cheques presented for payment. The issuing company matches the items on the list to its register data for cheque fraud control.
The issuing company contacts the financial institution if any items are to be returned.
