Banking · Disbursement Security
A large manufacturing firm utilizes an elaborate disbursement system to pay its vendors and employees. The firm is concerned about fraudulent activities such as check washing or unauthorized alterations. The bank suggests a service where the firm must send a daily file containing details of all checks issued, and the bank will only honor checks that match the file exactly. Identify this security feature.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Safe Deposit Escrow for vendor protection
- 2Reverse Positive Pay for manual verification
- 3Negative Pay System for exception reporting
- 4Positive Pay System for disbursement security✓
Correct answer
Positive Pay System for disbursement security
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