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What Is Positive Pay and How Does It Help Prevent Check Fraud?
Checks are the payment method most likely to be targeted by fraud. If your organization still issues checks, Positive Pay is one of the most effective tools available to stop a fraudulent check before it ever clears your account. Here’s what Positive Pay is, how it works to help prevent check fraud, what it doesn’t…
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What Is MICR? How Magnetic Ink Character Recognition Works on Checks
If you’ve ever looked at the bottom of a check and wondered what those numbers mean, or why they have to be printed with special ink, you’re not alone. MICR (Magnetic Ink Character Recognition) is one of the most durable standards in American banking. Understanding it matters if your organization prints, mails, or processes checks…