Positive Pay in the 21st Century: The Need for an ACH Response Is Clear
January, 2004
If youre a regular MAP reader, then you already know that positive pay is the best protection available against check fraud. You may also think you know just about everything there is to know about positive payunless you heard Bank of Americas Barbara Weiss speak at IOMAs recent Accounts Payable Conference & Expo about the recent advances in this area. Weiss spoke about payee name verification, the new technologies being used for that purpose, and the future possibilities for a new product, dubbed ACH positive pay.




