Positive Pay

Positive Pay
A cash-management service employed to deter check fraud. Banks use positive pay to match the checks a company issues with those it presents for payment. Any check considered to be potentially fraudulent is sent back to the issuer for examination.

Although it is effective at catching bad checks, the positive-pay system costs more than other systems. For example, the reverse positive-pay system requires check issuers to self-monitor; the issuer must then alert the bank when it declines a check. This method, while cheaper than positive pay, is not as reliable.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Pay for performance (healthcare) — Pay for performance is an emerging movement in health insurance (initially in Britain and United States). Providers under this arrangement are rewarded for meeting pre established targets for delivery of healthcare services. This is a fundamental …   Wikipedia

  • Positive train control — (PTC) is a system of monitoring and controlling train movements to provide increased safety.OverviewThe main concept in PTC is that the train receives information about its location and where it is allowed to safely travel. Equipment on board the …   Wikipedia

  • Pay-What-You-Want — (PWYW, Zahle was Du willst) ist ein Preismodell, bei dem der Preis allein durch den Käufer festgelegt wird. Der Verkäufer bietet Produkte ohne Preis an und der Käufer wird gebeten einen für ihn angemessenen Preis zu zahlen. Der Käufer hat dabei… …   Deutsch Wikipedia

  • Positive K — Дэррил Гибсон (Darryl Gibson)  американский рэпер из Бронкса (район Нью Йорка), выступающий под псевдонимом Positive K (иногда используется стилизованное написание +K). Наиболее известен песней «I’m Not Havin’ It» (1989), записанной в дуэте… …   Википедия

  • Positive and negative (NLP) — The term positive is often used generally to mean desirable or beneficial , and negative is usually used to mean undesirable or bad . But in neuro linguistic programming it also has a specific technical meaning, in the phrases positive intent and …   Wikipedia

  • Positive Carry — A strategy of holding two offsetting positions, one of which creates an incoming cashflow that is greater than the obligations of the other. Similar to arbitrage, positive carries generally occur in the currency market where interest paid to… …   Investment dictionary

  • Positive K — Infobox musical artist Name = Positive K Img capt = Background = solo singer Birth name = Darryl Gibson Alias = Pos K Born = Origin = The Bronx, New York Genre = Hip hop Occupation = Rapper Years active = 1988 present Label = First Priority,… …   Wikipedia

  • Age Positive — The [http://www.agepositive.gov.uk Age Positive] campaign, from the [http://www.dwp.gov.uk Department for Work and Pensions] in the UK, promotes the benefits of employing older workers.It encourages employers to make decisions about recruitment,… …   Wikipedia

  • Negative and positive rights — Rights Theoretical distinctions Natural and legal rights Claim rights and liberty rights Negative and positive rights I …   Wikipedia

  • Sex-positive feminism — Part of a series on Feminism …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”