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A Positive Pay file is created in Accounting that contains check information such as check number, dollar amount, date, and payee name.
Each Positive Pay file is created and customized as per each banking institutions required format.
After the file is transferred to your banking institution, the bank confirms each check presented for payment is legitimate by matching information from the files provided by Positive Pay.
The check is paid only if the Positive Pay file matches the payment details of the check.
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Local Government