Reverse positive pay: Difference between revisions
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imported>Doug Williamson (Classify page.) |
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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 issuing company contacts the financial institution if any items are to be returned. | |||
== See also == | == See also == | ||
* [[Positive pay]] | * [[Positive pay]] | ||
[[Category:Cash_management]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
Latest revision as of 08:38, 2 July 2022
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.
