positive pay system
Understanding Positive Pay Systems: How They Work and Their Benefits
Businesses are continuously seeking effective ways to protect themselves against fraud, just as fraud continues to evolve in turn. Check fraud is a significant issue, with businesses losing billions annually. According to the Association for Financial Professionals (AFP), 80% of organizations experienced actual or attempted check fraud in 2023. One…
Understanding the Difference Between Positive Pay and ACH
Nowadays businesses have various tools and systems at their disposal to manage payments and prevent fraud. Check fraud is a significant issue, with businesses losing billions annually. According to the Association for Financial Professionals (AFP), 80% of organizations experienced actual or attempted check fraud in 2023. Two such tools to…