pub:pospayoverview
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+ | ====== Overview ====== | ||
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+ | Positive Pay is an industry wide technique used by banks to prevent check fraud. | ||
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+ | The check security process is implemented in a straightforward manner. | ||
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+ | Not only does this process help to efficiently prevent check fraud, but also it places the burden of responsibility on the banks themselves. | ||
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+ | Though somewhat new, banking institutions that had originally offered this level of security as an option, are now making it required. With this in mind, it can only be assumed that the technique will gain greater acceptance by security conscious companies. | ||
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+ | How does iSeries Postive Pay, a module of iChecks implement this check fraud technique? | ||
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+ | Since iChecks already processes the spool files used to generate the checks, the same process can be enabled to capture the check information. No change to the existing financial software package is necessary. | ||
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