Many banks are offering Positive Pay as an added step in fraud protection. The service will help to safeguard your cash and ensure that you approve every check written by your company. The process goes as follows:
1. You write checks and mail them out to make payments
2. At the same time, you will upload a copy of the check to your bank
3. Before the checks clear the bank, you approve the payment
This will increase your fraud protection and help your company to protect all your assets for more information about ways to protect your company from fraud, call LSL CPAS at 714.569.1000.
